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In 2024, South Africa's diamond production amounted to *** million carats. This was a decrease compared to the previous year, whereby the production value stood at *** million carats. The country ranked as the world's largest diamond producer by volume in 2023.

South Africa maintains global presence in the diamond industry

South Africa was the fourth highest diamond-producing country in Africa in 2024. It had a total of *** million carats worth of diamond production that year. On a global scale, the country covered percent of the world’s diamond production. As one of the world's largest producers of diamonds, South Africa has been a significant player in the global diamond industry for many decades. Furthermore, the total revenue of South Africa’s mining industry was *** billion South African rand in 2024. 

South Africa dominates the African mining industry

Of Africa’s leading mining companies, *** out of ten mining companies come from South Africa. Anglo-American Platinum was the largest mining company as of 2025, with a revenue of above **** billion U.S. dollars. In the same year, the company held the third highest position on the continent in terms of market capitalization, which reached approximately **** billion U.S. dollars.