Which country was identified as the third-largest diamond producer in terms of both value and volume?

• A. Botswana
• B. Canada
• C. Russia
• D. Australia

Answer: (B)

Global production rankings look at both how much diamond rough a country produces (volume) and how much revenue that rough brings in (value). Canada earns its position as third because its northern mines, especially Ekati and Diavik, have produced a steady stream of gem-quality rough for many years. That combination of solid output and high-quality stones translates into substantial carat totals and strong dollar value, keeping Canada ahead of others that produce larger totals but with less marketable quality. Russia and Botswana tend to dominate in both carats and value due to huge deposits and long-running mines, while Australia’s contribution has diminished since Argyle closed. So Canada sits in the third spot in both metrics, reflecting its reliable, high-quality supply rather than sheer volume alone.