Russia outshines Botswana as World’s top diamond producer in 2014

Global diamond output grew 4 per cent in value last year to $14.5 billion as the average price per carat jumped 8 per cent to $116.17 and Russia displaced Botswana as the world’s largest producer, according to data published by the Kimberley Process Certification Scheme (KPCS). In terms of volume, production fell by 4 per cent to 124.778 million carats....Read More