About Natural Diamond Mining
Natural diamonds are formed by extreme pressure on crystallized carbon deep inside the earth's mantle and they can also be found at the site of a meteor impact. These diamonds are mined using different methods depending on the deposits. The global natural diamond mining market is seeing continuous growth in industrial use for drilling, cutting tools, polishing, etc. Increasing fashion and beauty use and disposable in developing counties major factor in driving the growth of the market. Diamonds are used in the healthcare industry for polishing cavities, replacing silicon used in computers and used in high-end speakers .According to the U.S. Geological Survey (USGS), most of the known natural diamond reserves are located in Congo, Botswana, Australia, and South Africa.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are fragmented with a large number of players and so there is more competition between them. They are focusing on expansion, agreement, and partnerships to maintain its competitive advantage in the market. The natural diamond mining market is constantly engaged in research and development activities and potential investment strategies. Analyst at AMA Research estimates that Canadian Vendors will contribute the maximum growth to Global Natural Diamond Mining market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
De Beers Sa (United Kingdom), Alrosa (Russia), Dominion Diamond Mines (Canada), Gem Diamonds (United Kingdom), Lucara Diamond (Canada), Rio Tinto Diamonds (Australia), Stornoway Diamond (Canada), Mountain Province Diamond (United States), Archon Mineral Ltd (Canada) and Rockwell Diamonds (South Africa) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Debswana (Botswana).
Segmentation Overview
AMA Research has segmented the market of Global Natural Diamond Mining market by Type (Pipe Mining (Open-Pit Mining and Underground Mining), Alluvial Mining and Marine Mining), Application (Policing, Cutting, Drilling Tools, Jewelry and Others) and Region.
On the basis of geography, the market of Natural Diamond Mining has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Health Care Industry will boost the Natural Diamond Mining market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Influence of Digital Technologies in Diamond Mining and Growing Interest of Young Generations is Impacting the Diamond Industry
Market Growth Drivers:
Growing Demand in Jewellery and Ornaments Industry and Increasing Disposable Income in Emerging Economy
Challenges:
Lack of Transparency in Natural Diamond Supply Chani Management and Introduction of Synthetic Diamond in Market will Hamper the Market Growth
Restraints:
Environmental Impact of Natural Diamond Mining and Price Fluctuations in Diamond Industry
Opportunities:
Increasing Use of Diamonds in Industries for Cutting, Polishing and Drilling the Tools, Advancement in Technology used in Diamond Mining and Continuous Research and Development in Natural Diamond Mining Industry
Market Leaders and their expansionary development strategies
In July 2019, Alrosa a leading diamond mining company formed a joint venture with Zimbabwe Consolidated Diamond Company to develop diamond deposits in Zimbabwe. According to the agreement Alrosa gets 70% of controlling power in the development of greenfield projects and Zimbabwe gets only 30% power. Their future market objective is the diamond mining and independent sale of rough diamonds in the international market.
In March 2024, Natural Diamond Council (NDC) announced a new platform that underscores the unique beauty and rarity of natural diamonds, and the ethical responsibility inherent within the global natural diamond industry: Real. Rare. Responsible. Through bringing awareness to this region, NDC aims to empower consumers to make informed decisions about their diamond purchase
Key Target Audience
Natural Diamond Mining Producers, Natural Diamond Mining International traders, Natural Diamond Mining Distributors and Suppliers, Research and Development Institutes, Industry Associations, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.