Diamond mining industry comprises establishments engaged in extraction of diamonds from the earth and it also involves additional processes like polishing and cutting. Diamonds are recovered through different stages such as crushing, scrubbing, cyclonic separation plant, recovery and cleaning, weighing and packaging.
Diamond Global Market Size
The global diamond market was valued at $0.01 billion in 2017. Asia Pacific was the largest geographic region accounting for $0.004 billion or 40% of the global market. The USA was the largest country accounting for $0.002 billion or 20% of the global diamond market.
Diamond Global Market Trend
In late 2015, Lucara Diamond Corporation made transition to a new X-Ray Transmission (XRT) technology at its Karowe mine in Botswana, after a lengthy consultation process with global developers. The technology relies on the diamond’s ability to absorb X-ray radiation. Diamonds absorb less radiation then most of the minerals. Under this technology a mineral concentrate is passed through sensors that bombard each stone with X-rays, and measure the absorption of each stone. XRT technology is quickly becoming the standard in the industry, as new mines begin using it and older mines make a transition to it. For instance, Tomra’s machines were installed at the Renard mine by Stornoway Diamond Corporation, and Russian-built versions are being trialed by ALROSA.
The companies covered are Rockwell Diamonds, Anglo American Plc, Gem Diamonds, Petra Diamonds, and Lucara.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
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