Production of rough diamonds

Current market and technology trends

Summary: The production of rough diamonds already reached a peak value more than 10 years ago. Predictions see a continuation of the market downturn for mined diamonds up to 2030. Nevertheless, the medium- and long-term market outlook is good, especially in view of the rising prices and improved technologies. This article provides an insight into current market developments and explains important trends.

1 Introduction

In 2016, the diamond jewelry sales market was at a level of US$ 80 billion while the market for industrial diamonds was US$ 25 billion. The volume relations, on the other hand, are significantly different. While only around 23 million carats (or 4.6 t) of cut and polished diamonds went into the jewelry market, some 16 billion carats or 3200 t of diamonds were produced for the industrial market. Only 12.5 t of the mined rough diamonds, i.e. less than 0.01 %, go into the production of industrial diamonds, 99.9 % of which are produced synthetically. In the meantime, the synthetic...

Related articles:

Issue 2020-03 Current market developments

1? Introduction The political and economic instability, the situation in Ukraine, current developments regarding the imposed sanctions and the uncertainty and volatility of the financial and...

Issue 2013-01-02

CommodasUltrasort, the mining division of internationally renowned Norwegian-listed, TOMRA Systems ASA, exhibited at Electra Mining (10.-14.09.2012 in Johannesburg/South Africa) under its new name...

Issue 2015-06 Australia’s mining industry in the doldrums

1?Raw materials forecasts and price decline An explanation of the global demand for raw materials is usually based on a growing world population, global urbanization and rising per capita incomes. In...

Issue 2017-04

1 Introduction More than 430 mining companies are active in Africa. Among the most important mineral resources mined by these companies are gold, copper, diamonds, uranium ore, platinum group metals...

Issue 2013-06

1?Introduction A presentation by Dr. Dambisa Moyo at the “African Mining Indaba 2013”, the world‘s most important congress of the mining industry, with 7500 participants in February of this year,...