In 2023, Russia led the world in gemstone production, producing 22.6 million carats, followed by Botswana at 14.4 million carats, and Canada at 13.0 million carats. The combined production of these top three countries significantly overshadowed other nations. Year-on-year trends from 2022 to 2024 indicate a modest growth in production volumes, with Russia maintaining its leadership position. Over the past five years, the compounded annual growth rate (CAGR) for these countries shows a stable increase, suggesting consistent demand and production capabilities.
Future trends to observe include potential shifts in global demand, impacts from geopolitical factors, and advancements in mining technology that could improve yields or alter production hierarchy. Sustainability and ethical sourcing are also critical areas influencing producer rankings and consumer preferences in the gemstone market.
Top countries in Top Gemstones Producing Countries
| # | 10 Countries | Thousand Carats | Last Year | |
|---|---|---|---|---|
| 1 | 1 Russia | 22,600 | 2016 | |
| 2 | 2 Botswana | 14,400 | 2016 | |
| 3 | 3 Canada | 13,000 | 2016 | |
| 4 | 4 Angola | 8,120 | 2016 | |
| 5 | 5 South Africa | 6,650 | 2016 | |
| 6 | 6 DR Congo | 4,640 | 2016 | |
| 7 | 7 Namibia | 1,720 | 2016 | |
| 8 | 8 Sierra Leone | 439 | 2016 | |
| 9 | 9 Lesotho | 342 | 2016 | |
| 10 | 10 Australia | 280 | 2016 |
