Canada and Botswana boost Global Rough Diamond Production
Posted by Deeksha on November 25th, 2019
Diamond’s huge demand across the globe has made diamond industry a multi-billion dollar business. Diamond business comprises of several components including miners, producers, cutters, polishers, manufacturers and retailers. Diamond mining is a very important components which it aids in the economic growth of a country. An intelligence report titled, “Global Diamond Mining to 2023” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.
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Various factors such as increased influence of digital technologies and positive response of diamond market drive the global diamond mining to 2023. Mined and rough diamonds generate revenue for the small players in the diamond industry. Digitalization is a major disrupter and it acts as catalyst in growing demand for diamonds which positively influences diamond mining. Digital technologies and smart phones have shifted the demographics towards online purchase of diamonds which is shaping as a major mainstream trend of modern era. The preference is towards greater quality and smaller size.
Promising diamond projects in-line
Production of rough diamond was assessed to be 150.4Mct in the year 2018. A decline of about 3% was observed over 2017. This decline was the result of decrease in production in various regions including Russia, Australia and South Africa where Australia experienced maximum decrease in production that was by 17%. The key factors influencing global production of mines include Russian Mir Underground mine shutdown along with South African mines such as Baken and Saxendrift mines. Australia’s Argyle mine witnessed a depletion in its ore grades which has huge impact on the global production. Increased production of rough diamonds was observe in major regions including Canada, DRC and Botswana and they were collectively responsible for 8.7% increase.
Various diamond mining projects that are coming up in future include Venetia, Lamphane, Catalao and Krone Endora diamond projects. These projects appear to be very promising in terms of diamond production.
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Global diamond mining to 2023: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global diamond mining to 2023. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global diamond mining to 2023. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on global diamond mining to 2023.
An insightful and deep-dive assessment of the competitive assessment of the Global diamond mining to 2023 pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global diamond mining to 2023. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global diamond mining to 2023: Research Methodology
Primary sources and secondary sources propel intelligence report on Global diamond mining to 2023 that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
About the AuthorDeeksha
Joined: January 3rd, 2019
Articles Posted: 12,334
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