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Global rough diamond output slides 12% in 2019

07 july 2020
Global diamond output eased 12% to 130.3 million carats in volume terms, according to the latest data from the Kimberley Process (KP). 
Russia maintained the pole position as it produced 45.3 million carats, which represents 34.73% of the total global output.
Botswana was once again a distant second with 23.7 million carats, which was 18% of the overall diamond production in 2019.
Canada, Australia and Angola made it to the top five in terms of volume.

news_07072020_kp_eng_1.png
In value terms, global rough-diamond production also fell 7% to $13.48 billion in 2019 as a result of weaker output in Botswana and Canada.
Russia raked in $4.12 billion while Botswana generated $3.4 billion from its diamonds.
Canada followed with 1.7 billion, Angola realised $1,3 billion and Namibia was placed fifth with $1 billion.
Meanwhile, total rough imports fell 23% to $37.25 billion last year, with volume down 12% to 377 million carats. 

                                                                   2019 IMPORTSnews_07072020_kp_eng_2.png

Source: Kimberley Process

Rough exports also dropped 27% to $36.64 billion, while volume declined 13% to 371.4 million carats.
India, which consumes the bulk of rough diamonds, eased 18% to $14.08 billion, while China’s rough imports registered the largest decrease, dropping 36% to $1.5 billion. 
The European Union, which includes Belgium, registered 29% drop in imports to $8.7 billion.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished