Advertisements
Home News Russia Surpasses Botswana in Value of Rough-Diamond Production for 2023

Russia Surpasses Botswana in Value of Rough-Diamond Production for 2023

by Madonna

Despite facing increased sanctions, such as bans on Russian diamonds by the European Union and stricter regulations from the US, Russia’s rough-diamond production reached 37.3 million carats last year, valued at $3.61 billion, averaging $97 per carat.

In comparison, Botswana, historically a leading producer, produced 25.1 million carats in 2023, totaling $3.28 billion at an average price of $131 per carat.

Advertisements

This highlights Russia’s resilience and efficiency in diamond production amid geopolitical challenges and market uncertainties. It also reflects the changing dynamics in the global diamond industry, influenced by regulatory environments and market demand.

Advertisements

Looking forward, both countries are expected to navigate these challenges while maintaining their roles in the global diamond supply chain. They will adapt strategies to sustain competitiveness and leadership in the market.

Advertisements
Advertisements

You May Also Like

blank

Giacoloredstones is a colored gem portal. The main columns are Ruby, Sapphire, Emerald, Tourmaline, Aquamarine, Tanzanite, Amethyst, Garnet, Turquoise, Knowledges, News, etc.【Contact us: [email protected]

© 2023 Copyright  giacoloredstones.com