The data illustrates the diamond project pipeline globally set to begin between 2016 and 2020, based on 2015 data, by estimated average annual production. The Renard project in Canada, under Stornoway, is set to begin in 2016 with an annual production expected to be around 1.6 million carats. The diamond industry, unlike other precious metals and natural resources, relies almost exclusively on consumer demand for diamond jewelry. The diamond industry is expected to flourish despite weak global economic growth.
