World’s Top Diamond-Producing Countries
The diamond industry pipeline starts with mining, then rough trading, manufacturing, jewelry setting and finally retailing. It may look like a short and efficient journey, however it is anything but that. In this new article series, the entire diamond pipeline will be presented from one end to the next, with facts and statistics on the issues it faces.
The diamond pipeline naturally developed on a regional basis. Some countries are rich in natural resources. Others have special skills, financing and high tech developments that make them manufacturing centers. Yet other regions are consuming markets.
Of course, the division is not clear-cut, and overlaps exist everywhere. The global economic structure also plays a hand in defining the roles of different regions, as this series of articles will show.
Producing countries are countries where diamonds are found and mined. There are two major bands around planet Earth, the northern band and the southern band. A third center band also has diamonds but of lower quantity and value.
The Northern band includes Russia and Canada, two of the leading diamond-producing countries. The Southern band includes Southern African states such as Botswana, South Africa and Namibia, as well as Australia. The center band includes the Ivory Coast and Sierra Leone in Africa, and Venezuela and Brazil in South America.
The top five producing countries by volume of production are Russia, Botswana, the Democratic Republic of Congo (DRC), Australia and Canada.
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