World’s
diamond supply is expected to remain stagnant over the next few decades with
the increases in demand. Diamond mines are extremely rare and the supply for
diamonds is in high demand. Canada produces and markets high quality diamonds
in the world. It was observed that the diamond production decreased with the
growing years. Alrosa, De Beers SA, Rio Tinto Plc, Dominion Diamond Corporation
and Petra Diamonds Ltd. are the global largest popular diamond miners. Few
other major diamond producing mines are The Argyle, Orapa, Jwaneng, Diavik,
Catoca and Nyurbinskaya other than the world's largest diamond mining
companies. These miners produced above 150 million carats of rough diamonds in
a year. The rough diamonds are sent through the so-called diamond pipeline. The
produce a diamond, the rough diamond undergoes various processes. The chain
runs from dealers to diamond cutters, polishers, to jewellery manufacturers, to
retail stores, and finally to consumers.
According
to the research report “Global Diamond Mining to 2020”,
it is expected that the demand for diamonds is expected to grow worldwide, with
the decline in the diamonds supply over the coming years. Gahcho Kué, is the
largest new diamond mine in Canada that will produce up to 6 million carats
annually by the year 2020. Russia, Botswana, the Democratic Republic of the
Congo (DRC), Australia, Canada, Zimbabwe, Angola and South Africa are the top
eight rough diamond production centres. These countries account for the 97% of
the global diamonds production. The world's largest diamond mining companies
account for 70% of the global diamond production.
Rough
diamonds are usually found in kimberlite, lamproite and alluvial deposits. The
Botswana’s Orapa region and in South Africa has the world’s largest kimberlite
reserves and the Atlantic coasts of South Africa and Namibia possess alluvial
deposits. The lamproite deposits are found in the Australian Argyle mine in
Kimberley region. The expansion of global diamond mining operations mainly
focuses on the accessibility of diamond deposits and the depth of occurrence of
the rough diamond deposits which are increasing challenges in the diamond
mining market.
Global
Diamond Mining to 2020, report includes global reserves of diamonds, global
rough diamond processing, and diamond trade in the next few decades. The
diamond mining project are becoming more capital intensive, necessitating
substantial investments, especially in the field of technology. The actively
operating diamond mines in the world are in Asia-Pacific (APAC), Oceania,
Middle East and Africa (MEA), Americas and Former Soviet Union (FSU). There are
various factors affecting the global diamond industry are demand for diamonds,
reserves, historic and forecast production, major exporting and importing
countries, active, exploration and development projects and the competitive
landscape.
SSA
(Sub-Saharan African) countries will continue to dominate global diamond
production, supported by operating costs and strong projects in the pipeline.
The diamond production growth is majorly driven by African countries even
though Russia is the world's largest diamond producer in the world. The top
diamond producers in South Africa are Congo- Brazzaville, Ghana, Guinea,
Guyana, Lesotho or Sierra Leone. African
miners benefit a lot due to competitively low operating costs and solid project
pipelines. Foreign miners look forward to invest in mines that have already
yielded sizeable diamond recoveries.
The
production cost is all set to increase with the increasing transparency and
ensuring responsibly sourced diamonds. With the younger generation more
attracted to the diamonds and with more consumer spending limit there is a
growth in the diamond market along with supported production. As the supply of
diamonds slows down in the next few years the price is expected to remain
stagnant. However, if global production continues to increase with the demand
then the oversupply will lower the diamond prices. The SSA countries are highly
depended on diamond revenue; therefore, the diamond producers are more exposed
to price fluctuations.
Key Topics Covered in the Report:
Global
Diamond Reserves by Country
Global
Diamond Mining Reserves by Selected Operating Mines
Global
Diamond Industry research
Diamond
demand in North America
Europe
Diamond market demand analysis
Global
Precious metals market analysis
Global
mining equipment market research
Diamond
Market projections analysis
South
Africa Diamond sector analysis
Russia
Diamond jewellery market
US diamond
jewellery market research
Asia
Pacific Diamond jewellery market
To know more, click on the link below:
Related reports
Contact:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-124-4230204