Global 2017 Rough Di­a­mond Out­put Soars To 150.8 Mct

Solitaire - - CONTENTS -

In 2017, world­wide, rough di­a­mond pro­duc­tion in­creased by nearly a fifth in vol­ume terms ow­ing to a surge in out­put from the top min­ing coun­tries, es­pe­cially Canada, data pub­lished by the Kim­ber­ley Process (KP) in­di­cates.

To­tal global rough di­a­mond pro­duc­tion in 2017 grew 19.3% to 150.8 mil­lion carats, and leaped 29% in value terms to $15.87 bil­lion. The world­wide av­er­age di­a­mond price last year went up 8% to $105.2 per carat.

In 2017, Rus­sia main­tained its po­si­tion as the world’s top di­a­mond pro­duc­ing na­tion. Rus­sia’s out­put grew 6% by vol­ume to 42.6 mil­lion carats, and in­creased 15% in value to $4.1 bil­lion.

Canada out­mined Botswana to be­come the num­ber two vol­ume-based di­a­mond pro­ducer. Canada’s 2017 di­a­mond out­put rose 78% to 23.2 mil­lion carats, and jumped 47% to $2.05 bil­lion.

Botswana took sec­ond place in terms of value and third place in terms of vol­ume; it pro­duced 22.9 mil­lion carats (+12%) val­ued at $3.32 bil­lion (+17%).

South Africa, too, put up a strong per­for­mance in 2017, mak­ing it the third largest pro­ducer by value and sixth high­est by vol­ume. South Africa’s di­a­mond out­put rose 148% to $3.08 bil­lion and climbed 16% to 9.68 mil­lion carats. South

Africa’s av­er­age di­a­mond price in 2017 more than dou­bled to $319.04 per carat, from $150.26 a year ear­lier.

In­dia was the six­teen­th­biggest di­a­mond pro­duc­ing na­tion by value and nine­teenth­largest by vol­ume; its an­nual di­a­mond out­put of 41,701 carats was val­ued at $7.35 mil­lion.

In­dia con­tin­ued its mul­ti­year streak as the big­gest rough di­a­mond im­porter, ac­count­ing for nearly 40% of world­wide rough im­ports by value and vol­ume. Dur­ing the twelve­month pe­riod, In­dia im­ported 195 mil­lion carats of rough (+31%) worth $18.9 bil­lion (+14%). The Euro­pean Union (EU) topped the charts in terms of rough ex­ports, reg­is­ter­ing out­bound ship­ments of 129.1 mil­lion carats val­ued at $12.6 bil­lion.

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