11 Diamond Mining Countries in the World by Carats

2. Botswana

Rough Diamond Production: 24,752,967 Carats

Botswana ranked as the world’s second-largest diamond producer, with production increasing by 8% compared to 2021. In 2023, Botswana produced 24.45 million carats of diamonds, as given by Global Data, reflecting a robust Compound Annual Growth Rate (CAGR) of 13% from 2020 to 2023. The diamond industry is crucial to Botswana’s economy, driving growth and accounting for over 90% of total exports, according to Prosper Africa. Diamond exports rose by 4% in 2022 over the previous year but are expected to decline at a CAGR of 0.57% between 2022 and 2026, according to Mining Technology.