The economics of diamond mining, how it works, the leading players involved in the industry, the issues they face, and the diamond value chain.
What Are the Forces Impacting Diamond Mining?
Above all, diamond mining is mostly impacted by consumer demand. Long-term shifts in interest as measured by how much consumers are willing to buy, the amount they are willing to spend, and the type of diamonds they are interested in all have an effect on diamond mining.
The impact of consumer demand may seem direct, however, the midstream – the manufacturing section of the diamond industry – often serves as a buffer between miners and consumers.
The following posts provide insights into exactly how this works, the ways miners sell rough diamonds, and the role mining plays in the economies of producing countries.
Who are the Largest Diamond Miners?
The leading miners by value are:
Where are Diamond Mined?
Based on the Kimberley Process reported data, the leading diamond-producing countries are:
The order may change over time, yet these countries are almost always the largest source of diamonds.
How Are Diamonds Mined?
There are four main mining methods. In some cases, the choice of method is easy. In others, the decision is usually based on the economics of the mine. The four methods are:
For a deeper look into this topic, please see below: