Global Diamond Production

Global Diamond Production

Global diamond production seems to be on the rise. Because of a steady increase in the average price of rough diamonds, global diamond production by value has increased 11 percent.  This has been going on year to year when it finally hit $14.09 billion in 2013.  Published through the annual data released by the Kimberley Process Certification Scheme. By volume, diamond production worldwide has increased about 2 percent to 130.48 million carats. Meanwhile, the average price of global diamond production grew about 9 percent, topping at $107.95 per carat. In Botswana, production as risen 22 percent to $3.63 billion, with the volume of production up 13 percent to 23.19 million carats. The average price in Botswana has also increased for rough diamonds about 8 percent up to $156.36 per carat. Russia follows behind, ranking second on the charts as the second-largest diamond producer worldwide, by value.

Canada and Global Diamond Production

Surprisingly, Canada's production had actually fallen 5 percent to $1.91 billion in 2013. However, Canada is the third-largest producer of diamonds worldwide. In regards to volume, Canada's production has risen around 1 percent to its peak at 10.565 million carats. Meanwhile, the average price declined 6 percent to $180.52 per carat. Namibia follows Canada. Namibia's production has risen 15 percent this year to $1.36 billion from 1.689 million carats as the average price also jumped a heaping 46 percent to $805.24 per carat. This jump was a profound one.  Angola has production up 15 percent hitting $1.28 billion from 9.36 million carats and an average price that has risen 2 percent to $136.49 per carat. There continue to be other influential countries in the diamond industry that did not make the top five but still have rising diamond production. South Africa is an example of a significant producer with its production value increase 15 percent to $1.19 billion from 8.143 million carats recovered. However, in this case, the average price was flat at $145.54 per carat. Zimbabwe's production has unfortunately declined a whopping 14 percent this year falling to 10.41 million carats and the average price dropped 3 percent to $51.72 per carat. Namibia is seen to have the highest priced diamonds around the globe. These numbers overtake those of Lesotho.  With the average price of rough diamond, production has fallen 7 percent to $584.88 per carat.

Alrosa and Global Diamond Production

In addition, ALROSA's shareholders have approved of a 32 percent increase in dividends. These dividends will rise to 4 cents per ordinary share. ALROSA's shareholders voted to pay a total year-end dividend of $320.9 million. The company has therefore updated their dividend policy, and it was approved last year. Under this newer policy, ALROSA will not find itself paying any less than 35 percent of its net profit.  That is according to its International Financial Reporting Standards in dividends. This companies profits, and more specifically, net profits according to the IFRS has amounted to about $942.4 million. According to Russian Accounting Standards, these net profits amounted to over 1 billion dollars, hitting $1.05 billion. ALROSA has noted that the leftover portions of its net profits are, and will continue to be used for the purpose of financing its capital investment programs. http://www.mining.com/global-rough-diamond-production-about-to-reach-its-peak/ http://diamondshades.com/statistics-diamond-production-and-supply/