The Russian appraisal website reported on March 23 that according to the Kimberley Process International Certificate published by the Russian Ministry of Finance, Russia’s rough diamond exports in 2011 fell by 20% to 3234.7 carats. At the same time, the Russian Ministry of Finance did not explain the reasons for the decline in exports. In 2011, Russia's diamond production was 35.14 million carats, while in 2010 Russia's diamond production was 34.857 million carats and the export volume was 40.406 million carats. The difference in output is explained by the fact that Russia's largest diamond producer, Alrosa, sells raw materials mined and stockpiled in 2009 in the context of the recovery of the diamond market. Although exports fell by 20%, the value of Russian diamond exports increased by 37% in 2011, from $2.781 billion in 2010 to $3.811 billion. According to the price list of the Russian Ministry of Finance, the average price per carat of diamonds in 2011 was $76.12, and in 2010 it was $68.35 per carat. The 2011 summary shows that Belgium is once again the biggest buyer of Russian diamonds, either in physical form or in value form (Antwerp, Belgium is the largest center of the world diamond market), buying a total of 18.849 million carats, according to Russia The Treasury’s price list estimates that its price is $2.515 billion. India ranked second, with a purchase of 5.958 million carats of diamonds, valued at $59.057 million, and Israel ranked third with a purchase of 3.468 million carats and a value of $3.8776 billion.
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