Top-10 Diamond Producing Countries in the World 2024

In the glittering world of gemstones, diamonds reign supreme as symbols of luxury, beauty, and everlasting love. As the demand for these precious gems continues to soar, understanding the global landscape of diamond production becomes increasingly important. Delve into the top 10 diamond-producing countries of 2024 to uncover the key players shaping the diamond market and driving innovation in this esteemed industry.

Highest Diamond Producing Countries in the World 2024

The foremost diamond-producing nations wield significant influence over the global diamond trade, shaping the industry’s trajectory. However, alongside legitimate diamond mining, some countries engage in illicit practices and human rights violations. Therefore, it’s imperative to grasp the ethical dimensions of diamond production. Understanding the highest diamond-producing countries of 2024 provides insights into both the economic powerhouses and the ethical considerations driving the diamond industry.

World’s Largest Diamond Producer 2024

In 2024, Russia maintains its status as the world’s foremost diamond producer, boasting a staggering annual output of 41,923,910 carats. Renowned for its abundant natural resources, particularly in the Sakha Republic, Russia’s diamond industry is dominated by state-owned entities like ALROSA. Noteworthy for their exceptional quality, Russian diamonds wield significant influence over global prices, reflecting the nation’s pivotal role in the diamond market.

Top-10 Diamond Producers in the World 2024

Russia with the total diamond production of 41,923,910 carats, holds the title of the largest diamond producer in the world, followed by Botswana, Canada and DRC.

Here is the list of top-10 diamond producers in the world 2024:

Largest Producer of Diamond in the World – Russia

Diamond Production: 41,923,910 carats

Russia stands as the largest diamond-producing nation globally, annually yielding 41,923,910 carats. Renowned for its vast natural resources, particularly in the Sakha Republic, Russia hosts numerous diamond mines. State-owned enterprises like ALROSA play a pivotal role, contributing significantly to the diamond output. Notable for their superior quality, Russian diamonds wield substantial influence over global prices, shaping the dynamics of the diamond market.

World’s Second Largest Country in terms of Diamond Production – Botswana

Diamond Production: 24,752,967 carats

Botswana, situated in southern Africa, ranks as a significant diamond-producing nation, yielding 24,752,967 carats annually. The Jwaneng and Orapa mines serve as primary diamond-producing hubs. These sites operate through a partnership between the state and De Beers, a private entity. Recognized globally for its commitment to sustainable practices, Botswana emerges as a leader in responsible diamond production, setting standards for ethical mining methods.

World’s Third Largest Diamond Producing – Canada

Diamond Production: 16,249,218 carats

Canada has become a notable diamond producer, with the Diavik and Ekati mines in the Northwest Territories driving its ascent in the industry. Renowned for their superior quality and ethical mining procedures, Canadian diamonds uphold transparency and responsibility in sourcing. This commitment to ethical practices positions Canada as a key player in the global diamond market, offering a reputable and transparent supply of diamonds.