Sunday, August 22, 2010

Diamond-Producing Countries


There are about 160 million carats of diamonds produced each year. The value is approximately $ 13000000000 min. Just over 50% is really the quality of a jewel, which represents about 90% of the total value. The rest of the stones used for industrial quality cutting tools, mining, drilling, construction and manufacturing.

Diamonds of the past comes back to India 500 BC. Yes, it is more than 2000 years, they have been the sole producer of diamonds. Approximately 1,700 sources have been found in Brazil. Then he became the new world leader in diamond production for another 150 years.

Now, diamonds are mined in some 20 countries. 97% of the world's diamonds by weight and value are produced in eight of the twenty countries. They are Botswana, Russia, South Africa, Canada, Angola, Democratic Republic of Congo, Namibia and Australia. The top five leaders, who produce 60% are in Africa, are: Botswana, South Africa, Angola, Democratic Republic of Congo and Namibia.

South Africa is the oldest member of this group. This discovery was the first time in 1870, in 10 years to find what has caused the global market increased by 1000%. Also, thanks to strong competition is a great discovery has led to the organization, including the diamond-shaped, known as De Beers.

Discoveries in other African countries, Botswana, Angola, Democratic Republic of Congo and Namibia to develop in the 1990s. Botswana is the largest producer of diamonds. In Angola and Congo, the development has been slowed because of civil wars. Namibia has experienced a much prosperity and progress.

Russia was the first discovery in 1930 was in the region known as Siberia. They are the second largest producer in the world. The location is very near the Arctic Circle and the extraction can be difficult. Winter can drop below -100 degrees Celsius.

Canada has asked the new kid on the block. The discovery of 1991 years is located in the Northwest Territories. In 1998, the Ekati mine opened in 2003 and the second began kicking at Diavik. Canada is the fourth largest producer.

Australia ranks No. 8 in the world and their discovery in 1980. Argyle mine in Western Australia was formed, which produce much higher prices, fancy diamonds such as the color of champagne, pink and red. However, the rest of the production is low and affordable.

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