Top 5 Diamond Producing Countries in the World

1. Russia

Average Annual Diamond Production: 40.1 million carats 

Russia is home to five of the world’s ten largest diamond mines and produces the most diamonds in the world. Alrosa, the state-controlled mining giant, leads Russia’s diamond production, overseeing major operations in the Sakha Republic (Yakutia) and the Arkhangelsk region. The country’s method of combining large-scale operations with an aggressive marketing strategy is focused on maximizing market dominance. Russia’s investment in mining infrastructure and technology has facilitated efficient resource extraction. For example, the Mirny mine is an engineering marvel, representing one of the largest man-made excavated holes in the world, and has historically been a substantial diamond source.

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