Archive

  • Russia Jumped Over Botswana as Largest Producer in Value in 2023

    13/07/2024 08:41

    According to recently released Kimberley Process statistics, in 2023, Russia became the largest producer of rough diamonds in terms of value, jumping over Botswana, despite sanctions on Russian diamonds by the G7. Total value of Russian rough production amounted to US$3.61bn, for a volume of 37.3m ct, compared to Botswana's total production value of US$3.28bn, for a total of 25.1m ct. 

    Photo credit: Envato Elements

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    Finance and Trade

  • ALROSA Sales Yield $4.2 billion in 2021

    21/01/2022 09:44

    Russian diamond miner ALROSA reported the company’s diamond production equaled 32.4 million carats in 2021. They sold 45.5 million carats with proceeds equaling $4.2 billion, $4 billion from rough and $200 million from polished diamond sales. Gem-quality diamonds accounted for 67% of total sales. In 2021, revenue per carat for these gem-quality diamonds equaled $128, a year-on-year increase of 17%.

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    Market Analysis

  • Mountain Province Diamonds Increases Sales & Production in Q1 2020

    22/04/2020 16:37

    Mountain Province Diamonds has announced improved production and sales results for the first quarter of 2020, though their sales are currently on hold. In Q1 2020, Mountain Province sold  659,318 carats at an average value of $99 per carat (US$75 per carat) for total proceeds of $65.4 million (US$49.2 million) in comparison to 643,739 carats sold at an average value of $94 per carat (US$71 per carat) for total proceeds of $60.7 million (US$45.8 million) in Q1 2019.  

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    Mining and Exploration