The world’s economically viable diamond reserves are estimated at 1.8 billion carats. At the current production rate of approximately 90 million carats per year, these reserves could last for about 20 years. A reduction in mining volumes could extend their lifespan to 50–60 years.
The estimate was shared with RIA Novosti by Sergey Takhiev, Head of Corporate Finance and Investor Relations at Russia’s diamond giant ALROSA. According to him, more than half of the global diamond reserves are located in Russia, while the remainder is mainly concentrated in African countries such as Botswana and Angola.
In November, Arkhangelsk Region Governor Alexander Tsybulsky announced the discovery of two gem-quality diamonds weighing 55.96 and 135.75 carats at the V. Grib deposit. These stones rank as the third and fourth largest diamonds found at the site this year.
