Russian Diamond Market: Rich Kimberlite Deposits Brighten Prospects

IBTimes reported the diamond market is expected to reach $5.74 billion in 2015.

As quoted in the market news,

Russia is the world’s largest source of rough diamonds. In 2010, it accounted for 23.5% of the total diamond production in terms of volume, and 25% in terms of value.

Alrosa, the state-owned company, was the largest diamond manufacturer in the world the same year, followed by De Beers, Rio Tinto and BHP Billiton. The Russian diamond market is also facing a revival due to growing incomes and expenditure for luxury goods, especially in emerging countries.

Click here to read the full IBTimes report.