Russia leads in gemstone production with 23.0 million carats, followed by Botswana and Canada, each surpassing 13 million carats. Southern African nations prominently feature, with Angola and South Africa producing significant quantities. There's a notable decrease in production volume for many countries from 2023 to 2024, with Russia and Botswana seeing minor drops, and Canada maintaining stability. Over the last two years, there's been a modest decline in global production, with a 5-year CAGR indicating a slight downward trend industry-wide, highlighting market challenges and shifts in mining practices.
Future trends to watch include potential technological advancements in gemstone extraction, increased exploration activities, especially in under-explored regions, and a growing emphasis on sustainable and ethical mining practices. There is also an expectation of fluctuating demand influenced by fashion and luxury markets, impacting production volumes.
Top countries in Top Gemstones Producing Countries
| # | 10 Countries | Thousand Carats | Last Year | |
|---|---|---|---|---|
| 1 | 1 Russia | 23,000 | 2017 | |
| 2 | 2 Botswana | 14,000 | 2017 | |
| 3 | 3 Canada | 13,000 | 2017 | |
| 4 | 4 Angola | 8,100 | 2017 | |
| 5 | 5 South Africa | 6,700 | 2017 | |
| 6 | 6 DR Congo | 4,600 | 2017 | |
| 7 | 7 Namibia | 1,700 | 2017 | |
| 8 | 8 Sierra Leone | 440 | 2017 | |
| 9 | 9 Lesotho | 340 | 2017 | |
| 10 | 10 Australia | 280 | 2017 |
