Gahcho Kué important role in global diamond production. LOOKING AHEAD ROUGH DIAMOND SALES (% VALUE BY PRODUCER) Rough diamond sales to cutting centres increased by 19 per cent in 2016, to an estimated US$16.3 billion. De Beers and ALROSA remained the largest suppliers of rough diamonds in 2016, accounting for 37 per cent and 27 per cent of global sales to cutting centres, in value terms. The increase in rough diamond sales in 2016 was largely driven by midstream re-stocking activity following the period of significantly reduced rough diamond-buying in late 2015. NEW MINES GAHCHO KU MINE, NORTHWEST TERRITORIES, CANADA: De Beers and Mountain Province Diamonds. Anticipated average annual production: 4.5 million carats. RENARD MINE, QUEBEC, CANADA: Stornoway Diamonds. Anticipated average annual production: 1.6 million carats. LIQHOBONG MINE, LESOTHO: Firestone Diamonds. Anticipated average annual production: 1.0 million carats. NEW PROJECTS VERKHNE-MUNSKOE MINE, RUSSIA: ALROSA. Due for completion in 2018. It is the only greenfield project expected to be commissioned in the medium term. Several brownfield expansion projects are under way, including: DIAVIK MINE A21 EXTENSION, CANADA: Rio Tinto and Dominion Diamond Corporation. Production is set to begin in 2018. JWANENG MINE CUT- 8 PROJECT, BOTSWANA: Debswana. Production from the Cut-8 project began in 2017. SELECTED LONGER-TERM PROJECTS EKATI MINE SABLE AND JAY PIPE EXTENSIONS, CANADA: Dominion Diamond Corporation. The anticipated extension is expected to extend production to 2033. VENETIA MINE UNDERGROUND PROJECT, SOUTH AFRICA: De Beers. Development of the underground operation is expected to extend production to 2046. NEW DISCOVERY ALROSA announced in 2017 that it has plans to work with ENDIAMA to develop the Luele kimberlite mine in the Luaxe concession in Angola. While information remains limited, ALROSA and Angolan authorities have spoken of a significant discovery. 201 6 146 201 5 141 201 6 15.4 201 5 17.5 VOLUME (MCTS) VALUE (US$BN) RUSSIA DRC BOTSWANA AUSTRALIA CANADA SOUTH AFRICA ANGOLA ALL OTHERS LARGEST PRODUCER RUSSIA VOLUME 29% USD VALUE 29% SECOND LARGEST PRODUCER BOTSWANA VOLUME 15% USD VALUE 21% ROUGH DIAMOND PRODUCTION BY COUNTRY 2 0 16 146 2 0 15 141 2 0 16 15.4 2 0 15 17.5 VOLUME (MCTS) VALUE (US$BN) DE BEERS GROUP ALROSA RIO TINTO DOMINION CATOCA INFORMAL JUNIORS ROW GLOBAL ROUGH DIAMOND PRODUCTION +3% (146 MCTS) VALUE OF GLOBAL PRODUCTION -12% (US$15.4BN) ROUGH DIAMOND PRODUCTION BY PRODUCER 201 6 146 201 5 141 201 6 15.4 201 5 17.5 VOLUME (MCTS) VALUE (US$BN) RUSSIA DRC BOTSWANA AUSTRALIA CANADA SOUTH AFRICA ANGOLA ALL OTHERS 2 0 16 146 2 0 15 141 2 0 16 15.4 2 0 15 17.5 VOLUME (MCTS) VALUE (US$BN) DE BEERS GROUP ALROSA RIO TINTO DOMINION CATOCA INFORMAL JUNIORS ROW DE BEERS1 ODC ALROSA SODIAM DOMINION RIO TINTO PETRA INFORMAL SECTOR2 OTHER 2016 US$16.3BN (ESTIMATED)