Canada Lifts Global Diamond Production in 2017

RAPAPORT... Global rough-diamond production increased in 2017, mainlydue to new mines in Canada, according to data the Kimberley Process (KP)released last week. Total output rose 29% to $15.87 billion last year, the KPsaid. By volume, production grew 19% to 150.9 million carats, with the averageprice up 8% to $105 per carat. Russia remained the largest producer of rough in 2017, itsoutput jumping 15% to $4.11 billion, and advancing 6% by volume to 42.6 millioncarats. Diamond recovery in Canada grew 47% to $2.06 billion, with volumeup 78% to 23.2 million carats, thus overtaking Botswana as the second-largestproducer country by volume. Canada's production was boosted by the addition ofthe Gahcho Ku?(C) and Renard mines, which both launched in late 2016. Meanwhile,Botswana's output rose 17% to $3.33 billion, and by volume climbed 12% to 23million carats. South Africa took the third spot for production value, witha 147% surge to $3.09 billion, helped by a sharp rise in the average price by113% to $319 per carat. Global rough imports increased 3% to $49.85 billion for theyear, with total volume up 28% to 489.9 million carats. The average price ofimports dropped 20% to $102 per carat. India ranked as the largest importer ofrough diamonds during the year, with inbound shipments rising 31% to $18.98billion, while volume increased 40% to 195 million carats. The European Union (EU) -mainly Belgium - took the second spot, with the United Arab Emirates (UAE) followingin third place. Exports of rough diamonds went up 3% to $49.94 billion, andby volume rose 18% to 453.6 million carats. The overall average price of roughexports fell 13% to $110 per carat. Exports from the EU fell 3% to $12.68billion but leaped 27% by volume to 129.2 million carats, making it the largestcenter for outbound shipments, followed by the UAE, Botswana andRussia. Top 10 Rough Producers in 2017

Country Recent News Bullish bankers and bearish institutions split on gold forecasts July 01, 2024 / www.canadianminingreport.com Gold stocks down on flat metal price and mixed equities July 01, 2024 / www.canadianminingreport.com Snowline Gold reports Initial Resource Estimate June 24, 2024 / www.canadianminingreport.com Inflation subsiding and rate cuts starting internationally June 24, 2024 / www.canadianminingreport.com Inflation rebound continues to reverse June 17, 2024 / www.canadianminingreport.com See all > × Get Listed Get Listed × Login E-Mail Address Password Remember Me Login Forgot Your Password? Register Share to Youtube Share to Facebook Share to Linkedin Share to Twitter Share to Tiktok