According to GlobalData, Russia is the world’s largest producer of diamonds in 2023, with output up by 5% on 2022. Over the five years to 2022, production from Russia decreased by a CAGR of 4.32% and is expected to drop by a CAGR of 2.5% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Diamond Mining to 2026 report. Buy the report here.
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Russia accounts for 32% of global production, with the largest producers being Russia, Botswana, Canada and the Democratic Republic of the Congo. Exports of diamonds from Russia increased by 0.78% in 2023 over 2022. Russia’s diamond exports are expected to drop at a CAGR of 0.44% between 2023 and 2027.
For more detailed analysis of global diamond mining, buy the report here.
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