Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

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Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

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There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

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23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

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