Global production of rough diamonds 2005-2019

This statistic depicts the global production of rough diamonds from 2005 to 2019. In 2005, the worldwide production volume of rough diamonds stood at approximately 177 million carats in total. More than a decade later, in 2019, the production stood at 142 million carats.

Global production of rough diamonds

The global production of rough diamonds decreased after the 2008 economic downturn, but has somewhat increased since then from 120 million carats in 2009 to 130 million carats in 2013, and 142 million carats in 2018. Diamond production is concentrated among a few major players. Alrosa and De Beers hold a majority of the world’s diamond production share, totaling 28 percent and 25 percent, respectively, as of 2014.

Most rough diamonds are used for industrial purposes. Approximately 46 percent of the world’s rough diamonds were produced for the industry and 19 percent were produced into gem-quality polished stones. The value of diamonds increases almost exponentially as it travels from the mine to the final endpoint or market. Demand for diamonds is primarily driven by the United States, India, and China. However, demand from the United States is expected to drop below that of India and China by 2019, reaching 31 percent and 35 percent, respectively. With growing demands from India and China the diamond market has increased despite the economic downturn. The industry predicts that the rough diamond market will remain stable until 2017 when existing markets become depleted and supply is expected to drop.

Global production of rough diamonds from 2005 to 2019

Production in million carats
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Sources

Release date

December 2019

Region

Worldwide

Survey time period

2005 to 2019

Supplementary notes

* Estimated.
This statistic was assembled from several Bain & Co. publications.
Figures for 2016 and 2017 have been restated in the 2018 edition of the report.

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