In 2023, Russia led the global industrial natural diamond production with a significant 34.79 thousand carats, reflecting a 1.56% increase from the previous year. Australia followed at 24.56 thousand carats, showing a modest 0.99% increase. The Democratic Republic of the Congo produced 18.5 thousand carats, though it saw a 2.04% decline year-on-year. Botswana, with 12.38 thousand carats, remained stable with a slight -0.01% decrease. Zimbabwe and Sierra Leone experienced notable decreases of -5.19% and -4.01%, respectively, while South Africa and Tanzania showed positive growths of 2.35% and 2.44%. India's production increased by 4.05%, the highest among the listed countries. Liberia experienced a minor -1.16% decline in production.
Future trends to watch for include potential shifts in geopolitical dynamics, which might affect the production capacities of major producers like Russia and the Democratic Republic of the Congo. Technological advancements in synthetic diamond manufacturing could also alter demand for natural industrial diamonds. Environmental policies and their enforcement may impact mining operations in countries like Australia and Botswana. Monitoring these factors will be crucial for stakeholders to anticipate changes in the global industrial natural diamond market.
Top countries in Industrial Natural Diamond Production Share by Country (Thousand Carats)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 34.79 | 2023 | +1.47% | +1.56% | View data |
| 2 | 2 Australia | 24.56 | 2023 | +0.12% | +0.99% | View data |
| 3 | 3 Democratic Republic of the Congo | 18.5 | 2023 | -2.99% | -2.04% | View data |
| 4 | 4 Botswana | 12.38 | 2023 | +0.49% | -0.01% | View data |
| 5 | 5 Zimbabwe | 3.8 | 2023 | -3.73% | -5.19% | View data |
| 6 | 6 South Africa | 3.77 | 2023 | -6.81% | +2.35% | View data |
| 7 | 7 Angola | 1.54 | 2023 | +0.71% | +1.54% | View data |
| 8 | 8 Sierra Leone | 0.2 | 2023 | -0.4% | -4.01% | View data |
| 9 | 9 Tanzania | 0.11 | 2023 | +3.49% | +2.44% | View data |
| 10 | 10 India | 0.06 | 2023 | +3.37% | +4.05% | View data |
