Diamond reserves worldwide by country 2022 | Statista (2024)

FAQs

Which country has the most diamond reserves in the world? ›

Russia takes the top spot as the world's largest rough diamond producer, mining close to 42 million carats in 2022, well ahead of its peers. ℹ️ Carat is the unit of measurement for the physical weight of diamonds. One carat equals 0.200 grams, which means it takes over 2,265 carats to equal 1 pound.

The principal producers of diamonds are Russia (31%), Botswana (20%), Congo Dem. Rep. (12%), Canada (10%), Australia & Angola (7% each) and South Africa (6%). The African continent contributes 50% of the production.

Russia. Russia is said to have the world's largest and richest diamond reserves. By volume, they are the greatest producer and exporter of rough diamonds in the world.

Russia. Home to arguably the richest and largest diamond resources in the world, Russia tops the list with more than 12 open-pit mines.

Russia and Botswana have emerged as the top players in producing gem-quality diamonds. Australia, on the other hand, produces most industrial-quality diamonds. Similarly, diamonds are also found in the US, Siberia, Brazil, China, Canada, and more.

Africa is rich in mineral resources and is the world's largest producer of diamonds, gold and platinum.

A place of profound importance for the international diamond trade, Belgium's biggest port has rightfully earned its place as the capital of the world's diamond business. Antwerp has been known as the diamond capital of the world for several centuries, a title that hasn't been easily earned.

Concentrated in southern and central Africa, where tectonic activity has produced ideal conditions for diamond formation, are the continent's most diamond-rich regions. Diamonds form deep inside the earth's mantle, where high temperatures and pressures cause carbon to crystallize into a diamond structure.

so, depending on your buying range. but India is the cheapest followed up by China, Dubai, Thailand, and Belgium. they are the cheapest because most of the world's diamonds are cut there. so you do not have to pay any markup due to shopping or retailer markup.

Who owns the most diamonds in the world? ›

In terms of demand for polished diamonds, the United States has been the dominant player, going from 42% in 2014 to almost 53% of the global demand in 2022. China closely follows as the second-largest consumer in terms of value.

Diamonds are known to be carried to the earth's surface in only three rare types of magmas: kimberlite, lamproite, and lamprophyre. Of the three types, kimberlites are by far the most important, with several hundred diamondiferous kimberlites known.

Botswana is the largest diamond producer in Africa, with natural gemstones and industrial diamond production amounting to a total of 24.5 million carats in 2022.

The famous Koh-I-Noor is at the top of our list of the world's most valuable diamonds. The world's most valuable diamond, weighing in at a whopping 105.6 carats, is oval in shape. The stone, which is shrouded in mystery and folklore, is said to have been mined in India in the 1300s.

The rarest and most prized of all these diamond types is the elusive red diamond with only 20-30 specimens thought to exist in the world. Mostly found in South Africa, Australia, and Brazil, the rarest of all the colored diamonds get their color from an unusual process during their formation.

The Antwerp Diamond District or Diamond Quarter, which is an area of about one square mile, is the largest diamond center in the world with a turnover of $54 billion a year. The district has 380 workshops that provide 1.500 companies with gem cutting and polishing services.