Oct 11th, 2012
This may be a little dated for some, but contains significant indicators for the future for natural diamonds.
Most analysts believe that world production of rough diamonds has reached a plateau, with declining production at the world’s major mines and no significant new sources of rough diamonds.According to Economics Group’s (MEG) recent Strategic Report, in spite of higher diamond prices, only two new projects were commissioned in 2011-12. Both are relatively small and are struggling as they ramp up to full production.
Five other new mines and expansions are scheduled to start up between 2013 and 2015 with total new capacity of 6.7 million ct/y. In addition to the new startups, expanding mines, and reproduction projects, in early 2012 feasibility and reserves development work is being carried out worldwide on 20 diamond projects.
– Canada hosts 48% of the total contained diamonds in four deposits;
– Russia holds 24% in four deposits;
– India has 9% in one deposit;
– Lesotho also has 9% in one deposit;
– South Africa has 5% in five deposits;
– Australia has 4% in three deposits;
– Guinea and Brazil each have one active project containing less than 1% of the total.
Metals Economics Group