Top 10 Diamond Producing Countries in The World
Hello Displorers, welcome to another informative video presented to you by Displore and thanks for watching. In this video, we shall look at the top 10 diamond producing countries in the world. The statement ‘Diamonds are a girl’s best friend’ is very true but truth is, diamond production is every economy’s best friend. Diamonds are highly sought after as gemstones and a commodity, known to portray luxury, opulence and even financial abundance.Although the world’s first diamond deposits are believed to have formed 900 million years ago, the first stones were found in India in the fourth century BC. In the past, no body cared who these little shinning guys called diamonds were, but South Africa and the Democratic Republic of Congo changed that by discovering diamond deposits never seen before, leading to the production of diamonds at a mass scale. With the shift in the value of diamonds, countries producing them are amongst the richest in the world even though some are still exceptions of focal circumstances.
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The production of diamonds is counted in carats per annum and hence, here are the top 10 diamond producing countries in the world.
10. Tanzania, 260,000 Carats Annually
Moving one place up from the 9th spot previously is Tanzania with 260,000Carat to take the 10th position. Tanzania’s diamond mining has suffered from black market miners, to European countries stealing it from the locals but it’s still a thriving industry strong enough to feature in the top 10 diamond producing countries in the world. Tanzania produces 260,000 carats of diamonds annually and this is donemostly from the Williamson Diamond Mine. Tanzania is also one of the countries that suffer the curse of ‘rich resources but poor country’ popular amongst African countries.
9.Australia, 340,000 Carats Annually
Taking the ninth spot is a country which is relatively young country in the top 10 diamond producing countries, Australia. Australia started commercial production in 1981 and quickly jumped up the ranks of the top diamond producers. Amongst its diamond mines, the new Argyle underground diamond mine in Western Australia is one of the nation’s top mines. Other mines also include the Rio Tinto Limited Argyle mine and the Ellendale. Australia currently produces 340,000 carats of diamonds annually and they are known for producing a dependable supply of the rare pink to red diamonds.
8. Lesotho, 1,100,000 Million Carat Annually
Lesotho may be a tiny kingdom in South Africa, but the nation is known for efficiently and consistently producing diamonds. Lesotho is known for running the Letseng mine, a record-breaking mine, as it has the highest average “dollar per carat” yield of all kimberlite mines in the world. Although not a large producer of diamonds by volume, Lesotho is an interesting diamond-producing country because of the very large diamonds it produces on a rather consistent basis.As of 2020, Lesotho produces 1,100,000 carats of diamonds characterized by large block-shaped stones in high white colours and clarities. Every year, the Letseng mine produces several diamonds larger than 100 carats, making it the highest price per carat production in the world. Other diamond mining projects in Lesotho include Lemphane, Liqhobong, the Mothae project and the Kao mine.
7. Namibia, 1,900,000 Carats Annually
Coming in next is a country which started diamond production over 100 years ago in 1908 and currently, Namibia is one of the major producers of diamonds in the world. The mining of diamonds in Namibia is spearheaded by the De Beers Group which owns over 65% of ‘Namdeb Holdings’ total diamond production and 90% its diamond resources. These days, diamonds are mined offshore in Namibia’s exclusive economic zone in water over 140 meters deep currently producing about 1,900,000 carats of diamonds annually. According to the Kimberly Process Statistics, Namibia earns approximately over $914million from diamond alone.
6. The Democratic Republic of the Congo, 3,700,000 Carats Annually
When it comes to making diamonds great again, the Democratic Republic of Congo can be accredited that honour. DR Congo is the nation that made diamond-producing profitable for many countries in the world especially South Africa.Although the Democratic Republic of Con
