Global economically viable diamond reserves are estimated at 1.8 billion carats, which, at the current production of 90 million carats per year, will provide the market for approximately 20 years. This was announced by Sergey Takhiev, Head of Corporate Finance and Investor Relations at Alrosa.
More than half of the reserves are located in Russia, the rest are concentrated in Africa, primarily in Botswana and Angola. According to Takhiev, countries such as Australia and Canada have practically no influence on the global distribution of diamonds. With a reduction in global production, current reserves will last for 50-60 years or more.
Takhiev emphasized that the number of diamonds is decreasing, but they will not disappear; this is a phenomenon of world history and culture that has existed for thousands of years. He also stated that he expects a gradual recovery in prices for precious stones in the near future, noting that a sharp shortage is not expected.
According to Alrosa, in 2025, the company plans to mine 29 million carats, while in the first half of the year, the target has already been exceeded by 3%. In 2024, global diamond production reached its lowest level in the last 20 years, at 95-105 million carats.
