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The Ten Largest Diamond Manufacturers and Traders in the WorldThe trade brings hundredsof thousands of people together from all around the globe. From individualminers cutting up rocks in search of the elusive gem, to the corporations thatemploy them, to the dealers that aggregate the diamonds, sort them, and shipthem to dealers and jewelers who turn them into classic artifices of beautybefore reaching their final destiny to the people who buy them.This article will provide a listof the diamond companies who have the biggest impact on the worldwide trade ofdiamonds, whether they're manufacturers or traders.Privately-Held Largest Retail Diamond Companies:is the second largest privately-held retail diamond company in the world. The company was sold for $328 millions dollars to Signet in 2017. The company's 360-degree technology provides a virtual showroom experience for every single diamond to their clients. James Allen standout for their customer service and cutting-edge technology.is the largest diamond retail e-commerce companyin the world.
The company was founded in 1999 and has grown significantly overthe years. Moreover, Blue Nile can be in part credited for transforming theonline diamond industry. The company had $480 million revenue in 2015 and 450employees in 2018.
It was awarded the Bizrate Circle of Excellent Award in2016.The list of largest diamond manufacturers is as follows.10. Rockwell DiamondsBarely large enough to qualify asa top-tier diamond mining company, most of their holdings are in the southernpart of Africa, one of the world's richest areas of diamond production. All thoughRockwell's holdings are insufficient to qualify it as part of the world'slargest diamond companies, the company fame came from a high media profileafter a private holdings group attempted a hostile takeover.
Fortunately forthose at Rockwell Diamonds the attempt failed, however, making the company onthe list as its rising and becoming more popular.9. Anglo American plcHaving two headquarters onelocated in Johannesburg, South Africa, and the other in London, England, AngloAmerican plc does more than just produce diamonds. While they are among theworld's largest diamond mining companies, they are also the world's singlelargest producer of another precious material: platinum. They also haveinterests in the production of a number of other materials, including copperand gold.
However, their diamond production remains among the highest on theplanet, and they own a number of the world's richest mines, primarily insouthern Africa.8. Gem DiamondsBased in England, Gem Diamonds nonethelessoperates worldwide, as any diamond company must be to achieve enough holdingsto make it onto this list. It is notable because only a year after itsfounding, it announced the finding of an unusually large diamond, at 600 caratsmaking one of the largest diamonds found in the last 25 years. This put thecompany on the map, and it has grown exponentially ever since.
It currentlymaintains mines and operates labs in a number of different countries, includingAngola, Australia, Botswana, Indonesia, Lesotho, and the Democratic Republic ofthe Congo.7. Petra DiamondsOriginally focused almostentirely on exploration (finding new sources of diamonds), this company has inrecent years shifted its focus towards the production of diamonds (the miningand cutting of rough diamonds). They currently own shares of eight diamondmines, including 5 of the world's largest and most productive mines. They stillcurrently engage in exploration in Botswana, though that does not remain theirlargest focus. Most of their mines are also in the rich region of southernAfrica; in addition they have recently expressed interest in expanding theiroperations elsewhere.6.
LucaraThis Canadian diamond company wasstruggling as it lost 26% of its overall value in recent years. But thatfortune changed overnight recently, when a mine owned by the company uncoveredthe largest diamond found in over a century. Weighing in 1,111 carats raw, thisgem-quality stone added nearly $150 million to the value of the company, astheir stock skyrocketed. The diamond is so large that it did not fit into thescanners owned by the company, and it had to be shipped to a world diamondmarket located in Europe to be properly assessed.
Thus, little is still knownabout this already-famous diamond.5. Dominion DiamondCorporationBased in Toronto, Canada,Dominion Diamond Corporation reported $700 million in revenue in 2012. Theywere originally known as the Harry Winston Diamond Corporation. Today, theyoperate mines in Canada, the most well-known is the Diavik diamond mine locatedin Lac de Gras. The Rio Tinto Group, another company on this list, helps tooperate that mine with Dominion Diamonds, although Dominion still owns therights and property of the entire mine.
The company was specifically founded tomine the Diavik mine, and was established in 1994 when the mine was discoveredto produce diamonds.4. Debswana DiamondCompany, Ltd.One of the few companies withheadquarter located outside the Western world, located in Botswana the Companyoperates four mines in the country.
These mines are the Orapa, Letlhakane,Jwaneng and Damtshaa mines. Unlike other mining companies, which frequently aretargets of calls from human rights activists worried about 'blood diamonds,'this company has actually proven to be a powerhouse in the growth of theBotswanian economy. Bitswana was once one of the poorest nations on earth,today while it is far from the richest it has one of the world'sfastest-growing economies.
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Debswana is a major part of that growth.3. Rio-Tinto DiamondsWith over $4 billion in revenues,the top companies on this list include Rio-Tinto Diamonds. Rio-Tinto is unlikemany other diamond companies, it is a mine-to-market company, meaning that adiamond can go from sitting in the ground to sitting in a jewelers' displaycase, all under the supervision of a single company. They operate on five ofthe seven continents. They own three mines, including one in Australia that isknown as the world's major producer of pink diamonds.2. ALROSAIf De Beers is the household namewhen it comes to diamond companies, ALROSA is its Russian counterpart.
Theyreported $4.4 billion in revenues in 2012, and most of their success in becomingthe world's largest diamond company comes from the discovery of a single minein Russia, to which ALROSA claim full ownership. That mine alone is thought tocontain almost $4 billion in diamonds, and ALROSA has the exclusive right tomine it. All of their mines are in Russia, and most of their mining operationstake place in the frozen steppes of Siberia.1. De BeersThis is the giant, the householdname, the standard against which all other diamond manufacturers are measured.Reporting $6.1 billion in revenues in 2012, De Beers has been around for acentury and a quarter. As many critics claim the company was originally foundedwith the intentions to control the world diamond supply, so that the company isthe owner of the diamonds, rather than market forces. Eventually, the company decidedthe themselves.
They were thus called a 'diamondcartel,' and those accusations have followed it down to the present day.However, in recent years it has come to light that De Beers does not have thecontrol over the world’s resources as they were thought to have.