Russia – $3,606 million

Dominating the diamond market, Russia holds the crown as the world’s largest diamond producer by value. ALROSA, the state-owned mining giant, is responsible for the majority of extraction. Russia alone accounts for over 30% of global rough diamond production by volume.

Botswana – $3,283 million

A close second, Botswana is a diamond powerhouse thanks to its partnership with De Beers. This landlocked country has used diamond revenues to achieve one of the highest GDPs per capita in Africa, with diamonds contributing up to 80% of its export earnings.

Canada – $1,549 million

Canada’s diamond industry, led by mines like Ekati and Diavik in the Northwest Territories, is not only high in value but also known for ethical practices and environmental standards. The country is a major player in the Kimberley Process, ensuring traceable, conflict-free diamonds.

Angola – $1,531 million

Angola's production continues to rise as new investments are made in diamond exploration and mining. The country has been ramping up transparency in its mining sector, aligning more closely with Kimberley Process guidelines.

Namibia – $1,233 million

Namibia’s unique offshore marine diamond mining, through Debmarine Namibia (a joint venture with De Beers), sets it apart. Despite lower volumes compared to others, the value per carat is among the highest globally.

South Africa – $794 million

Once the world’s leading diamond producer, South Africa continues to be a key player. Historic mines like Kimberley still operate, and new ventures continue to inject life into the sector.

Zimbabwe – $303 million

Despite political and regulatory challenges, Zimbabwe’s diamond production is growing. The government has consolidated operations under the Zimbabwe Consolidated Diamond Company (ZCDC) to improve oversight and compliance.

Lesotho – $139 million

This small mountainous country punches above its weight in diamond value. Lesotho is known for producing large, high-quality stones, particularly from the Letšeng mine, where diamonds fetch premium prices.

Sierra Leone – $102 million

Historically infamous for conflict diamonds, Sierra Leone has transformed its industry. The Kimberley Process has played a pivotal role in restoring global confidence in its exports.

Tanzania – $31 million

Rounding out the top ten, Tanzania’s diamond industry is still emerging, with most production coming from the Williamson mine, one of the oldest continuously operating diamond mines in the world.

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Meet the top 10 diamond producers in the world