According to GlobalData, Russia is the world’s largest producer of diamonds in 2022, with output down by 8.08% on 2021. Over the five years to 2021, production from Russia decreased by a CAGR of 2.12% and is expected to drop by a CAGR of 0.51% between 2022 and 2026. 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.
Russia accounts for 31% of global production, with the other largest producers being Botswana, Canada, the Democratic Republic of the Congo and South Africa. Exports of diamonds from Russia declined by 30% in 2022 over 2021. Russia’s diamond exports are expected to drop at a CAGR of 0.36% between 2022 and 2026.
ALROSA is one of the leading producers of diamonds in Russia. In 2021, the company’s output was up by 8% over 2020.
For more detailed analysis of global diamond mining, buy the report here.