Mine Restart for Diamond in Global
Reopening of profitable diamond mines in 2021 that had been suspended in 2020 contributed to a slight increase in world production.
Diamond trade
Diamonds are a highly valuable trade commodity used extensively in various industries such as manufacturing, construction, and technology. They are primarily originated from countries like Russia, Botswana, and the Democratic Republic of Congo, where high pressure and temperature conditions deep within the Earth's mantle form diamonds over millions of years. The primary use of industrial diamonds is due to their extreme hardness and thermal conductivity, which makes them essential for products such as drill bits, c...
Diamonds are a highly valuable trade commodity used extensively in various industries such as manufacturing, construction, and technology. They are primarily originated from countries like Russia, Botswana, and the Democratic Republic of Congo, where high pressure and temperature conditions deep within the Earth's mantle form diamonds over millions of years. The primary use of industrial diamonds is due to their extreme hardness and thermal conductivity, which makes them essential for products such as drill bits, cutting tools, and semiconductors.
Industrial diamonds are traded globally with major trading hubs in countries like Belgium, India, and Israel. They are sold in an unworked or simply sawn, cleaved, or bruted form, meaning they have not been mounted or set. The mining of industrial diamonds can have significant environmental and social impacts.
The trade of industrial diamonds is limited to the raw material itself, with minimal processing required before sale. This simplicity makes industrial diamond trading a key component in various global industries that rely on their unique properties.
Country-level reported imports and exports by year.
Net export flows between reporting partners filtered by global trade share.
Bilateral trade structure for the selected year.
Market intelligence
Reopening of profitable diamond mines in 2021 that had been suspended in 2020 contributed to a slight increase in world production.
Temporary closures of diamond mines worldwide due to COVID‑19 lockdowns and restrictions reduced global production in 2020.
New online sales platforms for rough diamonds were established in 2020 to overcome travel restrictions and improve market access.
Scio Diamond was sold to Adamas One Corp in 2019, transferring ownership of U.S. synthetic diamond production.
De Beers closed Voorspoed mine, reducing South African diamond operations.
ALROSA commissioned the Verkhne‑Munskoe field, expanding Russia’s diamond production capacity.
Renard mine completed its ramp‑up, increasing Canadian diamond supply.
Jwaneng mine conducted feasibility studies for the Cut 9 expansion, aiming to add 50 million carats and extend mine life.
Liqhobong mine reached first full commercial production year, boosting Lesotho’s diamond output.
Gahcho Kué mine began commercial production, adding a new source of Canadian diamond output.
Scio Diamond shut down its synthetic diamond production facility in 2016, curtailing U.S. synthetic diamond supply.
Merlin Mine commenced production, adding diamond capacity in Australia.
Mobilong Diamond Mine started operation, boosting diamond output in Cameroon.
Grib Pipe Mine began production, expanding diamond output in Russia.
Saxendrift Mine began production, increasing diamond supply in South Africa.
Russia privatized 16% of ALROSA via IPO, altering ownership structure of diamond company.
Dominion Diamond Corp. acquired 80% stake in Ekati Diamond Mine, shifting ownership of Canadian diamond asset.
Rio Tinto opened its Argyle underground diamond mine, extending life of the operation in Australia.
Central African Republic temporarily suspended diamond exports/imports, restricting supply to global market.
Côte d'Ivoire under UN sanctions, halted diamond trade, limiting market access.
Venezuela voluntarily suspended diamond trade, reducing supply to international buyers.
Scio Diamond Technology Corp. expanded synthetic diamond production, raising U.S. output.
Scio Diamond acquired Apollo Diamond’s diamond‑growing patents in 2011, consolidating U.S. synthetic diamond technology.
Vaaldiam Mining Inc. started production at the Duas Barras alluvial operation, launching a new diamond mine.
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