High-tech trend is most promising for industries using diamonds

Synthesis Technology is a leading diamond producer in Russia. The company produces carbon single crystals - lab-grown diamonds and single-crystal wafers. The diamonds completely identical to natural ones are ‘grown’ at the laboratory using advanced HPHT...

25 february 2020

Diamex Lab: Our technology allows you to trace the history of the origin of each stone

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

17 february 2020

The future of the market goes hand in hand with gemology

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views...

10 february 2020

Diamond industry in healthier position going into 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production...

03 february 2020

Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

27 january 2020

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