World’s Top 10 Diamond Companies 2017
Diamonds are a woman’s best friend. They are synonymous to luxury, romance and commitment. They are a symbol of love as well as power. Every person in this world harbours a desire to own the blingy precious stone.
The love of diamonds has been ruling the word for ages and today too, it is going strong among the people. Since centuries diamonds are getting mined, bought and sold. The business of diamonds is at going strong since ages.
Around the world there are about 38 renowned diamond mines. The biggest mines dealing with precious diamonds are owned by big diamond companies. These mining companies look after the complete process of mining, categorizing and then selling the diamonds to the jewellers and manufacturers.
The jewellers and manufacturers cut and polish the diamonds and then sell them. Diamonds are sold as it is or are used in rings, pendants, lockets, earrings and other pieces of jewellery.
There are several large companies that deal with diamonds but, some of them are super huge in all respect. They are the largest, the most popular and the strongest companies in the market. They dominated the market for many years and are still going strong. Here we have compiled a list of 10 such diamond companies.
Presenting you the top 10 diamond companies in the world in 2017:
10 Rockwell Diamonds
Opening this list is the Rockwell Diamonds. This company works in the southern part of Africa. The southern part of Africa is also the richest area of diamond production in the whole world.
Though the company is not very large but, it gained a lot of popularity after a controversial incident. A private holdings group tried to hostile takeover this diamond mining company. This incident gave the much needed publicity to this diamond mining company and it rose to fame overnight.
Rockwell Diamonds is on number 10 in the list of top 10 diamond companies in the world in 2017.
9 Anglo American plc
On number 9 is Anglo American plc. This is one of the most renowned diamond miner and dealer in the whole world. This diamond company is a leading miner of diamonds.
This company dons other hats too. They mine diamonds at a large scale but, are also a renowned and the only largest producer of platinum in the whole world. Not just diamonds and platinum, Anglo American plc also produces many other metals including gold and copper.
Talking about diamonds alone, this company is touted among the companies with highest diamond production. They have the richest mines in the world under their control. They manage the mines in southern Africa which is the richest diamond producing area in the whole world.
This company has two headquarters. One of their headquarters is situated in Johannesburg, South Africa while the other one is located in London, England.
8 Gem Diamonds
Gem Diamonds is on number 8 in the list of top 10 diamond companies in the whole world. The company is popular worldwide as it has a worldwide reach. It operates across the world but, basically this company is based in England.
The biggest high came to it only after a year of its inception. This company discovered a unique and very large diamond of 600 carats. It was one of the largest diamonds discovered in the past twenty five years. After this incident, the company became popular overnight.
This company owns many mines across the world. There are many mines and labs in the countries like Australia, Angola, Botswana, Lesotho, the Democratic Republic of the Congo and Indonesia.
7 Petra Diamonds
Earlier Petra Diamonds dealt only with the exploration of diamonds in new areas. The company focused solely on exploration but, then it ventured into the other areas like mining of diamonds and cutting of the rough diamonds. The shift in focus happened quite recently and the company grabbed a spot in the list of top 10 best diamond companies in the world.
Today, this company holds the shares of about 8 diamond mines. Five of the 8 diamond mines are counted among the most productive and the largest mines in the whole world. They have any mines in southern Africa. They are currently in the process of expanding their reach. Also, they are still in the business of exploration and are currently exploring Botswana.
The number 6 spot in the list of top 10 diamond companies in the world in 2017 is Lucara. This company is a native of Canada.
The company was not incepted with a bright fate. It has encountered many ups and downs in their business. This diamond company struggled with a loss of about 26% of its overall value and that too, in the past few years. But, they are lucky enough to cope with the losses and bounced back with a bang. The reason behind the sudden change in fate was the discovery of the largest diamond ever. They found the largest diamond weighing 1,111 carats raw. This diamond marked the biggest milestone in the fate of this diamond company. It added about $150 million to the original value of this diamond company. The huge diamond could not even fit into the company’s scanners. The company sent the diamond to Europe where the world diamond market is situated. There the diamond was thoroughly assessed.
Today, this company is counted among the most renowned diamond companies in the world.
5 Dominion Diamond Corporation
On number 5 is Dominion Diamond Corporation. This diamond company is located it Toronto, Canada. Originally, this diamond company is known as Harry Winston Diamond Corporation. It is counted among the top most diamond companies in the whole world. It was incepted in the year 1994.
This company has mines in Canada. This company along with the Rio Tinto Group operates the diamond mines. They collectively operate one of the most popular mines is Diavik diamond mine which is situated in Lac de Gras. The rights and property of this mine is hold by Dominion.
4 Debswana Diamond Company, Ltd.
Number 4 spot has been taken by Debswana Diamond Company, Ltd. This company is one of the very few companies who have their headquarters situated outside of the western world. The headquarters of this diamond company is situated in Botswana. The company deals with 4 mines in the nation. The mines include Damtshaa, Jwaneng, Letlhakane and Orapa.
This diamond company can be credited for the economic growth and development in Botswana. Going a little back in time, this country was counted among the poorest nations in the world. But, after the inception of Debswana Diamond Company Ltd, the situation turned upside down. Today, this country though not the riches but, has the fastest growing economy.
3 Rio- Tinto Diamonds
The number 3 spot in the list of top 10 diamond companies in the world in 2017 goes to Rio- Tinto Diamonds. This is one of the strongest, renowned and one of the richest diamond companies in the whole world. The success and popularity of this diamond company is evident with the fact that it has a reach from mine to market. The company mines the diamonds, go through all the assessments, cutting, polishing and all the other important processes and then reach the market, all under its supervision. Every single process is mining and then selling the diamond is done under this diamond company.
This amazing company operates in 5 continents. They have three mines. They are located in different parts. One of their mines is in Australia which is popular in the whole world as the leading producer of the beautiful pink diamonds.
Rio- Tinto Diamonds is one of the strongest diamond companies in the whole world.
Alrosa is a leading diamond company hailing from Russia. This Russian diamond company is not just popular in Russia but, also counted among the leading diamond companies in the whole world.
This diamond company completely owns a mine is Russia. This single mine has made this diamond company one of the strongest companies in the whole world. This mine contains about $ 4 billion of diamonds and Alrosa is the sole owner of this mine in Russia. There are also other mines in Russia where they hold operations. They also hold mining operations in Siberia’s frozen steppes.
1 De Beers
On number one is De Beers; the most powerful, the most renowned and the richest diamond company. This is one of the oldest diamond companies which is a century and a quarter old.
If history is to be believed, this company was incepted with the sole intention of controlling the diamond supply. They had no say in the market. But, gradually, the company began to decide the rates of the diamonds.
Today this company is on the top spot in the list of the top 10 diamond companies in the world in 2017.
World’s Top 10 Diamond Companies 2017
|No.||World’s Top 10 Diamond Companies 2017|
|3||Rio- Tinto Diamonds|
|4||Debswana Diamond Company, Ltd.|
|5||Dominion Diamond Corporation|
|9||Anglo American plc|