Diamond reserves - 20 years of mining – Economy | BelarusVC
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Diamond reserves - 20 years of mining

Global reserves are at risk of shrinking

According to industry analysts, profitable diamond reserves worldwide are estimated to last about 20 years at current extraction rates. This indicates a reduction in available resources and potential changes in extraction strategies. It is said that demand for diamonds could reach new levels, affecting prices and the market. Experts warn that it is necessary to find new sources or improve extraction technologies.

Context

Historically, diamond mining has been an important industry for several countries.

Summary:

The world's profitable diamond reserves are estimated to last about 20 years at current extraction rates.