Kimberlite is an igneous rock and a rare variant of peridotite. It is most commonly known to be the main host matrix for diamonds. It is named after the town of Kimberley in South Africa, where the discovery of an 83.5-carat (16.70 g) diamond called the Star of South Africa in 1869 spawned a diamond rush and the digging of the open-pit mine called the Big Hole. Previously, the term kimberlite has been applied to olivine lamproites as Kimberlite II, however this has been in error.

Kimberlite occurs in the Earth's crust in vertical structures known as kimberlite pipes, as well as igneous dykes. Kimberlite also occurs as horizontal sills. Kimberlite pipes are the most important source of mined diamonds today. The consensus on kimberlites is that they are formed deep within the mantle. Formation occurs at depths between 150 and 450 kilometres (93 and 280 mi), potentially from anomalously enriched exotic mantle compositions, and they are erupted rapidly and violently, often with considerable carbon dioxide and other volatile components. It is this depth of melting and generation that makes kimberlites prone to hosting diamond xenocrysts.

Despite its relative rarity, kimberlite has attracted attention because it serves as a carrier of diamonds and garnet peridotite mantle xenoliths to the Earth's surface. Its probable derivation from depths greater than any other igneous rock type, and the extreme magma composition that it reflects in terms of low silica content and high levels of incompatible trace-element enrichment, make an understanding of kimberlite petrogenesis important. In this regard, the study of kimberlite has the potential to provide information about the composition of the deep mantle and melting processes occurring at or near the interface between the cratonic continental lithosphere and the underlying convecting asthenospheric mantle.