It is extraordinary to note that Canada ranked 6 th in diamond production during this period and was expected to surpass South Africa in the second quarter of 2004, particularly when it is realized that prior to 1998, Canada did not have a diamond industry. The Northern Miner (v.90, no.1) reported rough diamond sales in 2003 for the Diamond Trading Company (DeBeers Marketing Arm) was $5.52 billion. In 2000, diamond production was estimated at 110 million carats valued at $7.9 billion ( US), and in 2001, the Mining Journal estimated that 110 million carats were mined with an estimated value of $7.3 billion ( US). The World Diamond Council estimated that natural diamond production in 1999 was more than 111 million carats valued at $7.4 billion ( US). Diamonds are mined from at least 20 countries the leading producers of natural diamond are Australia, Botswana, Canada, South Africa, Russia and Zaire.
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