APPROXIMATELY $8.5 BILLION WORTH OF DIAMONDS A YEAR COME FROM AFRICAN COUNTRIES.
As Nelson Mandela said in 1999, "The diamond industry is vital to the southern African economy."
The majority of today's diamonds are sourced from Africa, Canada, Russia, Australia and South America, with an estimated 65% of the world's diamonds being produced in African countries. When measured by value, Botswana is the biggest producer of diamonds in the world.
The approximate breakdown of diamond production by value within Africa is:
- Botswana: $3.3 billion
- Angola: $1.5 billion
- South Africa: $1.5 billion
- Democratic Republic of Congo: $0.7 billion
- Namibia: $0.9 billion
- Other African nations: $0.6 billion
The revenues from diamonds sourced in Africa are benefiting the countries in which they are found. These benefits take the form of funding hospitals for the sick, schools for children and infrastructure, such as roads, telephones and clean water systems, for everyone. Additionally, diamonds from some African countries are helping to fund the fight against HIV/AIDS through counseling, testing, education, treatment programs, clinics and hospices.
Please note that data is rounded to 1 decimal place and will therefore be subject to rounding errors.
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