Global diamond production could fall by 10 percent in 2026

Global diamond production in 2026 may decline by 10 percent in annual terms to 90-95 million carats. This forecast was voiced by the head of the corporate finance department of Alrosa, Sergei Takhiev, in a conversation with analysts of the Euler company, Vedomosti writes.

For comparison, by the end of 2025, 98-100 million carats were mined in the world. This year, the expert expects a drop in figures, and in the next five years, according to his forecasts, annual production is unlikely to exceed the 100 million carats level.

The Alrosa representative recalled that the production of raw materials has been falling for several years now. Back in the 2010s, the figures remained at 135 million carats, and at the beginning of the current decade they were 120 million. Moreover, last year, according to the Kimberley Process, global volumes had already decreased by 8 percent.

According to Takhiev, production is declining due to low prices for precious stones. The industry has been in decline for several years due to excess inventories in India, the world's key diamond cutting center.