Natural Diamond Council launched a report series on trends, origin, and other particularities of the ultimate gemstone – natural diamonds. Created in collaboration with governments, communities, and experts, these reports empower consumers, media, and industry professionals with transparent insights and engaging facts.
Natural diamonds have underpinned Botswana’s rise from the third-poorest country in the world to a vibrant, middle-income country. Now Botswana is home to many skilled workers whose families benefit from largely free education, universal healthcare and paved roads.
Botswana is the second-largest diamond producer in the world, where diamonds make up a third of its fiscal revenue and account for a quarter of the country’s GDP. The diamond industry has been set up to deliver long-term, sustainable prosperity, facilitated by fair governments and collaborative, community-minded partners. That’s why diamonds remain a force for good in Botswana.
This report was brought to you with the kind support of Aurostar. Many thanks for their key contributions to the report: Government of the Republic of Botswana, De Beers Group, Debswana, Okavango Diamond Company, Lucara Botswana, Botswana Manufacturers Association, KGK Group, Venus Jewel.
We have partnered with trend analytics company, Tenoris, on our latest report, “Natural Diamond Trends, A 2024 Overview”, detailing the latest trends and consumer preferences regarding natural diamonds.
This new edition of Diamond Facts report sets out to address the most common myths about the diamond industry using external reliable sources. It contains updated data on myths included in the first edition and new ones addressed with previously unreported data. As a single point of reference, it gives an accurate and consistent voice on key topics including:
1. Positive impact of natural diamonds with examples from producing countries as well as manufacturing.
2. Environmental stewardship.
3. Diamond verification.
4. information on pricing and production.
5. Disclosure and diamond terminology.
6. Traceability and responsible sourcing of natural diamonds.
The Canadian diamond industry is a spectacular story of discovery, growth, and benefits. The diamond industry works closely with governments, local communities, and Indigenous Peoples to optimize its socio-economic contribution and environmental stewardship, to observe a stringent health and safety culture, and to ensure that operations leave enduring benefits long after mines have closed.
1. Canada’s diamonds include some of the oldest in the world – 3.5 billion years.
2. Most of Canada’s diamonds are produced in the Far North, in the Northwest Territories (NWT), home to 11 official languages, and a population of 45,000 with half identifying as Indigenous.
3. Since the beginning of diamond recovery, a total of C$27.7 Billion was infused into Canada’s economy. 70% of spend was done locally in NWT, – C$19.3B with NWT businesses, $8.6B with Indigenous businesses.
4. Diamond mines have contributed 52% of the Government of NWT’s revenues from corporate income tax, property tax, fuel tax, and carbon tax in the past three years.
5. The largest off-grid solar plant in Canada’s North was created at Diavik diamond mine, proving renewable energy is possible in the sub-Arctic region.
6. Since 1996, diamonds generated 74,210 person years cumulative employment.