Diamonds are the hardest substances found in nature. They are known for being one of the most precious gemstones which require very detailed cutting, polishing and many other processes without which they are just ordinary pieces in an allotropic form of carbon. A lot of places in India like Golconda, and in South Africa, Kimberley are especially known for some of the World’s best diamonds. Not very easy, and involving a lot of skilled craftsmen or machines, diamond cutting is a very energy consuming, strenuous but quite profitable job. There are many companies that are particularly enthusiastic in the field of diamond cutting and polishing, and with some specific marketing influences, they also work as diamond business companies.
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Here is a list of Top 10 Best, Popular and wealthiest diamond companies in the world
that gives a brief description of these precious companies:
10. Rockwell Diamonds:
Not huge enough to be considered as a significant diamond mining company, most of it is based in the southern corners of Africa, known to be among the world’s richest areas of diamond production. Even though Rockwell’s winnings are not sufficient to qualify it as part of the world’s largest diamond companies, the popularity of this brand came from a high media profile after a private holdings group attempted a hostile takeover. Fortunately for those at Rockwell Diamonds the attempt failed, however, making the company on the list as its rising and becoming more popular.
9. Anglo American plc:
The company has two headquarters one located in Johannesburg, South Africa, and the other in London, England, Anglo. They are involved with more than just Diamonds. Though they are among the world’s largest diamond mining companies, they are also the world’s single largest producer of platinum. They are also involved in the production of a number of other materials, including gold and copper and they own several other world’s richest mines, primarily based in southern Africa.
8. Gem Diamonds:
Based in England, Gem Diamonds nevertheless functions all over the world. It is noteworthy that only a year after its inception, the company announced the finding of an unusually huge diamond, at 600 carats marking as one of the largest diamonds found in the last 25 years. This put the company on the world map, and it has grown remarkably ever since. It currently maintains mines and operates labs in a number of different countries including Botswana, Angola, Australia, Indonesia, and the Democratic Republic of the Congo.
7. Petra Diamonds:
This company initially focused almost completely on exploration, but now has transferred its emphasis towards the production of diamonds. They currently own shares of eight diamond mines, including 5 of the world’s largest and most abundantly productive mines. The company still engages in exploration in Botswana, though that does not remain their largest focus. Most of their mines are also in the rich region of southern Africa as the company’s recent statements expressed their interest in expanding the operations elsewhere.
This Canadian diamond company has witnessed large scale recessions as it lost 26% of its overall value in recent years. But that fortune changed all of a sudden recently, when a mine owned by the company uncovered the largest diamond found in over a century. Weighing in 1,111 carats raw, the precious stone added nearly $150 million to the value of the company, as their stocks took a quick leap. The huge diamond was so big that it did not fit into the scanners owned by the company, and it had to be shipped to a world diamond market located in Europe to be properly evaluated.
5. Dominion Diamond Corporation:
Based in Toronto, Canada, Dominion Diamond Corporation reported $700 million in revenue in 2012. Today, they operate mines in Canada, the most famous being the Diavik diamond mine in Lac de Gras. The Rio Tinto Group, another company on this list, helps to operate that mine with Dominion Diamonds, although Dominion still possesses the privileges and assets of the entire mine. The company was specifically founded to mine the Diavik mine, and was established in 1994 when the mine was found.
4. Debswana Diamond Company, Ltd.:
Located in Botswana, the Company operates four mines in the country. These mines are the Orapa, Letlhakane, Jwaneng and Damtshaa mines. Unlike other mining companies, which often are targets of calls from human rights campaigners worried about ‘blood diamonds,’ this company has actually proven to be the heart in the growth of the Botswanian economy. Botswana was then one of the poorest nations on earth, today while it is far from the richest it has one of the world’s fastest-growing economies. It owes a major part of that growth to Debswana.
3. Rio-Tinto Diamonds:
With over $4 billion in revenues, Rio-Tinto stand out from many other diamond companies in being a mine-to-market company, meaning that a diamond can move from the soil to a jewelers’ display case, all under the scrutiny of a single company. They operate across five continents. They have three mines, including one in Australia that is known to be the world’s major producer of pink diamonds.
What De Beers is for the world, ALROSA is for Russia. They reported $4.4 billion in revenues in 2012, and most of their magnificence in becoming the world’s largest diamond firm can be attributed to the discovery of a single mine in Russia, to which ALROSA claim full possession. That mine alone is assumed to contain almost $4 billion in diamonds, and ALROSA has the exclusive right to mine it. Most of their mining operations take place in the frozen steppes of Siberia and are marketed in around the world.
1. De Beers:
This is the giant, the household name and the standard against which all other diamond manufacturers are measured. De Beers has been around for a century and a quarter and has reported a total revenue of about US$6.1 billion in 2014. As many critics claim the company was initially founded with the purposes to control the world diamond supply. They were called a ‘diamond cartel,’ and those allegations have trailed it down to the present day. However, in recent years it has come to light that De Beers does not have the control over the world’s resources as they were thought to have.