Unifying role is the main objective of the National Gemological Association

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s...

15 july 2019

“Our goal is to bring clarity to the offering of Lab Grown Diamonds”, asserts Chris Casey, President, Lab Grown Diamond Council

Chris Casey is a 15-year veteran of the diamond and jewelry industry.  Chris also has extensive experience in market research as Founding Managing Director of the NPD Diamond and Diamond Jewelry Service where his responsibility included the...

08 july 2019

Dr. Michael S. Krzemnicki: Our dedication to scientific research is an important foundation to our expertise

Dr. Michael S. Krzemnicki, PhD, Director of the Swiss Gemmological Institute SSEF, in an interview with R&P told about the activities and plans of one of the world's leading Gemological laboratories specializing in scientific research of diamonds...

01 july 2019

“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

The global diamond mining industry in 2018

06 may 2019

The dynamics of the diamond production in 2014-2018.

In July this year, the Kimberley Process will release the statistics on the rough diamonds mined and sold by the countries in 2018. Last year, the same 23 countries were in the commercial diamond mining as in the previous years. Without this data at hand, we can estimate rather accurately the actual diamond production as well as the financial results of the global rough diamond trade based on the sum of the major diamond miners’ performance data in 2018.

The dynamics of changes of this performance data is given below (Table 1).

Table 1

The world’s major diamond mining companies in 2014-2018

analyt_06052019_eng.png

Brief summary

Simple calculations based on the averaged share of top five diamond mining companies that equals approximately three-quarters of the actual global diamond production in carats and four-fifths of the rough diamond sales value in dollars show the predicted results. So, in 2018, the global diamond production will be 147 mn carats and the rough diamond sales value will make US$15.7 bn. As compared with 2017, in 2018 there was some decline in the rough diamond output: by 2.5% by volume and by 1% by value. This suggests that the world diamond mining industry has reached its peak level.

Given that the global rough diamond market today is sustainable and demand for rough diamonds is high, it’s hardly possible that any dramatic change in the situation will occur in the diamond mining countries and world diamond trading centres in 2019, so Russia and the ALROSA company will still maintain their lead in diamond production.

Yury Danilov, Ph. D., Lead Research Fellow at the Subsoil Use Innovative Economics Laboratory of the North-Eastern Federal University