Top 10 Diamond Producing Countries in the World in 2024

Diamonds have long captivated the human imagination, symbolizing wealth, elegance, and endurance. 

In 2024, the global diamond industry continues to thrive, with several key players dominating the market. 

Here's an in-depth look at the top 10 diamond-producing countries in the world, showcasing their contributions to this glittering industry.

1. Russia: 41,923,910 Carats

Russia holds the crown as the largest diamond producer in the world, with an impressive production of over 41.9 million carats. 

The country's rich diamond deposits, primarily located in the Sakha Republic (Yakutia) and Arkhangelsk Oblast, are mined by the state-owned company ALROSA. 

Russia's significant contribution to the global diamond market underscores its critical role in the industry.

2. Botswana: 24,752,967 Carats

Botswana, often regarded as the diamond capital of Africa, takes the second spot with nearly 24.8 million carats. 

Diamonds are the backbone of Botswana's economy, with major mines like Jwaneng and Orapa operated by Debswana, a partnership between the government and De Beers. 

The country's diamond industry is renowned for its high-quality gems and ethical mining practices.

3. Canada: 16,249,218 Carats

Canada ranks third, producing over 16.2 million carats. 

Known for its environmentally responsible mining practices, Canada’s diamond industry is centered in the Northwest Territories, with major mines like Ekati, Diavik, and Gahcho Kué. 

These mines produce some of the world’s most sought-after diamonds, celebrated for their exceptional clarity and size.

4. Democratic Republic of the Congo (DRC): 9,908,998 Carats

The DRC, rich in natural resources, is the fourth-largest diamond producer with nearly 9.9 million carats. 

Despite challenges such as political instability and artisanal mining practices, the country remains a significant player in the diamond industry, contributing a substantial volume of rough diamonds to the global market.

5. South Africa: 9,660,233 Carats

South Africa, with a storied history in diamond mining, comes in fifth with 9.66 million carats. 

Home to some of the most famous diamond mines, such as Kimberley and Cullinan, South Africa continues to be a key player. 

The country's diamonds are known for their size and quality, maintaining their allure in the global market.

6. Angola: 8,763,309 Carats

Angola is the sixth-largest diamond producer, with over 8.7 million carats. 

The country's diamond industry is primarily driven by the Catoca mine, one of the largest diamond mines in the world. 

Angola's diamonds are integral to its economy, providing significant revenue and employment opportunities.

7. Zimbabwe: 4,461,450 Carats

Zimbabwe ranks seventh with a production of approximately 4.46 million carats. 

The country's diamond mining is concentrated in the Marange fields, known for their vast deposits. 

Despite facing regulatory and operational challenges, Zimbabwe remains a notable contributor to the global diamond supply.

8. Namibia: 2,054,227 Carats

Namibia, with a production of over 2 million carats, is the eighth-largest diamond producer. 

The country’s diamond mining industry is distinguished by its marine diamond recovery operations, particularly off the coast of the Namib Desert. 

Debmarine Namibia, a joint venture between the government and De Beers, leads these innovative offshore mining activities.

9. Lesotho: 727,737 Carats

Lesotho, a small country in Southern Africa, produces over 727,000 carats, placing it ninth on the list. 

Lesotho's diamond industry is notable for its high-quality, large gemstones, particularly from the Letseng mine. 

These diamonds command premium prices in the global market, enhancing the country’s reputation as a source of exceptional diamonds.

10. Sierra Leone: 688,970 Carats

Sierra Leone rounds out the top ten with a production of nearly 689,000 carats. 

Known for its rich alluvial diamond deposits, Sierra Leone's diamond industry plays a crucial role in its economy. 

Efforts to enhance transparency and ethical practices have improved the industry's global standing, contributing to sustainable growth.

The diamond industry continues to be a significant economic driver for these top-producing countries. 

From the vast frozen landscapes of Russia and Canada to the arid deserts of Namibia and the lush terrains of the DRC, each region contributes uniquely to the global diamond market. 

As technology and practices evolve, these countries will likely continue to play pivotal roles in meeting the world's demand for these precious gems.