Diamond industry
The global rough diamond market is represented by entities that extract and sell rough diamonds. Most of the world’s rough diamonds are mined in just 5 countries, and their overall share in global diamond production (by physical volume) is about 90%. These largest global natural diamond suppliers are: Russia, Canada, Botswana, DR Congo, Australia, South Africa, and Angola.
According to Kimberley Process statistics, global diamond production in 2023 decreased by 8% to 111.5 million carats compared to 2022. The drop in production is mainly due to lower production by public companies as a result of lower beneficiation and average grades.
In 2023, the ALROSA Group produced 34.6 mln carats of rough diamonds holding a leading position among the world's major diamond mining companies. The Company increased its share of global diamond production to 31% in volume terms.
ALROSA has access to the world’s richest reserves of rough diamonds, leads in the number of carats, and boasts a highly profitable business.