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UPSTREAM

Production volumes and sales both showed growth in 2016, led mainly by expanded output from junior miners and de-stocking activity by the industry’s major producers. However, the value of global production fell, as lower prices offset the increase in volumes.

ROUGH DIAMOND SALES (% VALUE BY PRODUCER)

Rough diamond sales to cutting centres increased by 19 per cent in 2016, to an estimated US$16.3 billion. De Beers and ALROSA remained the largest suppliers of rough diamonds in 2016, accounting for 37 per cent and 27 per cent of global sales to cutting centres, in value terms. The increase in rough diamond sales in 2016 was largely driven by midstream re-stocking activity following the period of significantly reduced rough diamond-buying in late 2015.

1 Okavango Diamond Company sales, by value, are accounted for in the De Beers market share estimate as sales from Diamond Trading Company Botswana.
2 De Beers estimates. De Beers has lower confidence in estimates of informal production.
Sales values are based on De Beers estimates where company reports are unavailable.

ROUGH DIAMOND PRODUCTION BY COUNTRY

ROUGH DIAMOND PRODUCTION BY PRODUCER


LOOKING AHEAD

NEW MINES

GAHCHO KUÉ MINE, NORTHWEST TERRITORIES, CANADA

De Beers and Mountain Province Diamonds. Anticipated average annual production: 4.5 million carats.

RENARD MINE, QUEBEC, CANADA

Stornoway Diamonds. Anticipated average annual production: 1.6 million carats.

LIQHOBONG MINE, LESOTHO

Firestone Diamonds. Anticipated average annual production: 1.0 million carats.

NEW PROJECTS

VERKHNE-MUNSKOE MINE, RUSSIA

ALROSA. Due for completion in 2018. It is the only greenfield project expected to be commissioned in the medium term.

Several brownfield expansion projects are under way, including:

DIAVIK MINE A21 EXTENSION, CANADA

Rio Tinto and Dominion Diamond Corporation. Production is set to begin in 2018.

JWANENG MINE CUT- 8 PROJECT, BOTSWANA

Debswana. Production from the Cut-8 project began in 2017.

SELECTED LONGER-TERM PROJECTS

EKATI MINE SABLE AND JAY PIPE EXTENSIONS, CANADA

Dominion Diamond Corporation. The anticipated extension is expected to extend production to 2033.

VENETIA MINE UNDERGROUND PROJECT, SOUTH AFRICA

De Beers. Development of the underground operation is expected to extend production to 2046.

NEW DISCOVERY

ALROSA announced in 2017 that it has plans to work with ENDIAMA to develop the Luele kimberlite mine in the Luaxe concession in Angola. While information remains limited, ALROSA and Angolan authorities have spoken of a significant discovery.