The global diamond mining industry is largely dominated by a hand-full of companies. The top three companies – Alrosa from Russia, De Beers from Luxembourg, and British-Australian Rio Tinto – account for more than 60 percent of global diamond mine production.
Who controls the diamond industry?
|Key people||Mark Cutifani (Chairman) Bruce Cleaver (CEO)|
|Services||Diamond mining and marketing|
|Revenue||US$6.08 billion (2018)|
Who owns the most diamonds in the world?
Russia and the Botswana hold the world’s largest diamond reserves, totaling 650 million carats and 310 million carats, respectively, as of 2020. Based on production volume, Russia and Australia are the world’s largest producers.
Which is the world largest diamond market?
Bharat Diamond Bourse (BDB) is the world’s largest diamond bourse (exchange) and is located in Mumbai, India. Spread over a 20-acre plot, the Complex is home to some 2,500 small and large diamond traders in addition to the Custom House, banks and other service providers who cater to the gems and jewelry trade.
Is the diamond industry a cartel?
While a diamond might be forever, the diamond cartel clearly is not. The diamond industry, which for many years was dominated by the South African De Beers cartel, has undergone tremendous change over the last two decades and now faces an uncertain future.