World’s Top Diamond-Supplier Countries

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World’s Top Diamond-Supplier Countries
 

The diamond business at first appears to have an easy and straightforward production chain. Mining the diamond, then trading raw materials, followed by polishing the diamond, and finally selling it. In reality, the process is more complicated. Some countries have mines, others have the financial resources, and others have the experience to treat raw diamonds. Even though there are no mines within their boundaries, the countries with financial resources and experience have become true manufacturing hubs. Very few nations have both mines and diamond processing units. World’s Top Diamond-Supplier Countries might or might not be top Diamond Producing Countries. 

Diamond-producing nations are those where diamonds are discovered and mined, though diamond-producing nations can be different from diamond supplier countries. For example, wholesale diamond jewelry supplier like KGK Group can supply from India a diamond that was mined in Botswana.

 

Top Diamond Producing Countries

Russia and Canada, are two of the world’s largest diamond producers, followed by Southern African countries such as Botswana, South Africa, and Namibia.

 

Russia

Russia has the world's largest and richest diamond reserves. They are the greatest producer and exporter of rough diamonds. ALROSA is Russia's and World’s largest diamond miner, with a monopoly on the industry. Wholesale Diamond jewelry manufacturers and diamond jewelry suppliers from around the world, source their diamonds from Russia.

 

Botswana

Botswana has the world's second-largest diamond reserves and is a top diamond producer in terms of value. De Beers' one of the leading producers of diamonds is headquartered here. Botswana contains seven mines and the most notable mines are with The De Beers Company. Many wholesale diamond jewelry manufacturers and top diamond companies in India and even the world source their good quality diamonds from Botswana.

 

Democratic Republic of Congo

The Democratic Republic of Congo is Africa's top diamond producer but information on output from DRC remains scarce. The DRC has a history as a diamond-mining country and is now the third-largest diamond-producing country by volume.

 

Australia

Australia is the world's largest producer of colored diamonds and is a major player in the diamond market. Australia is known for its pink, purple, yellow, and red diamonds. The majority of the diamonds produced here are of low color and clarity. Rio Tinto owns Argyle, Australia's largest diamond mine.

 

Canada

Canada is one of the world's leading diamond-producing nations. Diavik, Ekati, Snap Lake, and Victor are Canada’s major operating diamond mines. The diamonds excavated in Canada are colorless and of high quality.

Diamond industry in India

The diamond, gems and,, jewelry sector has played a significant role in the economy of India. India exports more than 75% of the world’s polished diamonds, contributing to the country's foreign exchange earnings. It is one of the fastest-growing sectors contributing around 7% to the country’s GDP and 15% to India’s export. India is the world’s largest cutting and polishing center of diamonds, big players like KGK Group has units in Jaipur, Surat, and Mumbai. The Indian government has acknowledged the gems and jewelry sector as a focus area for export promotion. The Indian government presently allows 100% Foreign Direct Investment (FDI) in the J&G sector.

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