From 2013 to 2023, natural diamond gemstones production in Brazil showcased fluctuating trends. While an initial drop was observed between 2014 and 2015, the production experienced a steady rise from 2016 onwards, peaking in 2021. In 2023, Brazil's production stood at 291.38 thousand carats, reflecting a modest 3.23% year-on-year increase. The compound annual growth rate (CAGR) from 2018 to 2023 averaged at 3.03%, indicating a gradual increasing trend. Moving forward, projected data from 2024 to 2028 suggests continuous growth, with a forecasted CAGR of 2.38% over the next five years, resulting in a forecasted production of 338.93 thousand carats by 2028.
Future trends to watch for:
- Advancements in mining technology which could enhance production efficiency.
- Global demand fluctuations influenced by the rise of synthetic diamonds.
- Environmental regulations impacting mining operations.
