Global Rough Production Slides in 2019

RAPAPORT... Global rough-diamond production fell 7% to $13.48 billion last year, reflecting lower output in Botswana and Canada, according to new data from the Kimberley Process (KP). Production volume slipped 12% to 130.3 million carats, while the average price increased 6% to $103.41 per carat.Russia ranked as the top producer, bucking the negative trend with an increase of 3% to $4.12 billion and 5% by volume to 45.3 million carats. Botswana, Canada, Angola and Namibia rounded out the top five producer countries by value, with all but Angola registering a decline in output for the year.Meanwhile, total rough imports slid 23% to $37.25 billion for 2019, with volume down 12% to 377 million carats, the figures showed. Rough exports fell 27% to $36.64 billion, while volume declined 13% to 371.4 million carats.China's rough imports showed the largest decrease, falling 36% to $1.5 billion. India, the largest market for rough imports, slipped 18% to $14.08 billion, while those to the European Union, which mainly comprises the Belgian trade, fell 29% to $8.7 billion. All markets also saw a decline in rough exports.Top 10 Rough Producers in 2019

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