Which country exports the most diamond?

What are the other 4 countries where diamonds are commonly mined?

Seven countries have led the world in the production of gem-quality diamonds for over a decade. Russia, Botswana, Canada, Angola, South Africa, the Democratic Republic of the Congo, and Namibia have all been consistently producing over one million carats per year.

What countries trade diamonds?

In 2019, the top exporters of Diamonds were India ($22.5B), United States ($13.4B), Belgium ($12.8B), Israel ($11.2B), and United Arab Emirates ($9.02B). In 2019, the top importers of Diamonds were India ($21.4B), Hong Kong ($18.6B), United States ($17.9B), Belgium ($12B), and United Arab Emirates ($9.56B).

Which country depends on diamond exports?

The Central African Republic relies heavily on its exports, of which the most important are timber, diamonds, cotton, and coffee. Belgium is the country’s leading trading partner, buying most of the diamond exports.

Which is the largest exporter of diamonds in the world?

Global sales from diamond exports by country totalled 118.5 billion US dollars in 2017. This is a decrease by 22.9% of diamond exports since 2013. Countries that export the most diamonds are not necessarily the largest producing countries.

What makes a country a diamond producing country?

Producing countries are countries where diamonds are found and mined. There are two major bands around planet Earth, the northern band and the southern band. A third center band also has diamonds but of lower quantity and value.

What’s the value of diamonds in the world?

Global sales from diamond exports by country totaled an estimated US$107.4 billion in 2019. Overall, the value of diamond exports dropped by an average -16.5% for all exporting countries since 2015 when global shipments of diamonds were valued at $128.6 billion.

Where are the most diamonds found in Africa?

Angola is rich in subsoil heritage where its diamond reserves are found. This African country gets most of its revenues in diamond and oil production which generates 60% of Angola’s income. It may seem surprising to many but Canada stands in 6th place, breaking the streak of the African countries.