Quick Answer: Who is the biggest diamond distributor?

De Beers S.A., South African company that is the world’s largest producer and distributor of diamonds. Through its many subsidiaries and brands, De Beers participates in most facets of the diamond industry, including mining, trading, and retail.

Who is the best diamond company?

Top five largest diamond mining companies in the world

  1. ALROSA – 38.5 million carats. …
  2. De Beers – 30.78 million carats. …
  3. Debswana Diamond – 23.3 million carats. …
  4. Rio Tinto Diamonds – 17.03 million carats. …
  5. Dominion Diamond – 6.7 million carats.

Who controls the diamond industry?

De Beers

Area served Worldwide
Key people Mark Cutifani (Chairman) Bruce Cleaver (CEO)
Products Diamonds
Services Diamond mining and marketing
Revenue US$6.08 billion (2018)

Where do large suppliers of diamonds get their diamonds?

Today, the majority of diamond exploration takes place in African countries such as the DRC, Zimbabwe and Angola. Once the diamonds are mined they will then be sold to the manufacturers. Today, South African countries produce the highest volume of diamonds worldwide.

Who owns De Beers?

Diamond production of leading companies worldwide 2015-2020

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In 2020, the ALROSA Group produced approximately 30 million carats of diamonds, which made it the world’s largest diamond producer that year, closely followed by De Beers, with a production of around 25.1 million carats.

Who is the CEO of De Beers?

They say a diamond manufacturer must make about 30 to 40 percent in gross margin converting the rough stone to a polished diamond to stay in business. By the time the wholesale broker sells the polished diamond to other wholesale brokers, his profit margin is 1 to 15 percent, or an average of 5 percent.

Who owns Botswana diamonds?

Debswana operates four diamond mines in the eastern and central parts of Botswana, as well as a coal mine.

Debswana.

Type Limited
Products Diamonds Coal
Owner Government of Botswana (50%) and De Beers (50%)
Number of employees 6,400 (2020)
Website debswana.com

Where are most diamonds sold?

Mined diamonds are mostly processed in and sold via the major global diamond centers: Antwerp, Dubai, New York, Hong Kong, Mumbai, and Tel-Aviv. In contrast to precious metals, there is no universal market price per carat of diamonds.

Is the diamond business profitable?

Today, there are only about 20 major diamond mines in the world. And the big supply is even rarer — only 11 mines make up 62 percent of the world’s production of diamonds by carat! … That’s $1.5 billion in revenues, from a single mine. And it produces profit margins of 24 percent.

Which is the largest diamond mine in the world?

The Orapa diamond mine is the world’s largest diamond mine by area. The mine is located in Orapa, a town in the Central District of Botswana about 240 km (150 mi) west of the city of Francistown.

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How much is De Beers worth?

In 2020, the revenue of diamond mining company De Beers was about 3.4 billion U.S. dollars.

Revenue of De Beers from 2011 to 2020 (in million U.S. dollars)

Characteristic Revenue in million U.S. dollars
2020 3,378
2019 4,605
2018 6,082
2017 5,841

What’s the rarest diamond in the world?

Red diamonds are the rarest and some of the most expensive in the world. Also known as Fancy Reds, they come in a variety of shades ranging from orange-red to brownish red. Majority of the world’s red diamonds come from the Argyle Diamond Mine in Australia.

Who started De Beers?

1888. Cecil Rhodes and Barney Barnato, who had been running two competing diamond operations, decide to join forces and consolidate their companies. De Beers Consolidated Mines Limited is established on 12 March. Cecil Rhodes is named Chairman and continues in this role until 1902.