Angola’s Endiama Reports $1.1B Revenue from 10.6M Carats of Diamonds in H1 2025
Angola’s state-owned diamond company, Endiama, recorded revenue exceeding $1.1 billion in the first half of 2025, driven by the sale of 10.6 million carats of diamonds. The performance surpassed forecasts by 1.2%, according to company officials.
The announcement was made during Endiama’s semiannual diamond production review meeting held in Dundo, Lunda Norte Province.
Elton Escrivão, Director of Marketing for Endiama, emphasized the company’s ambition to surpass its full-year targets.
“From a marketing perspective, we have sold 10.6 million carats so far. Production is already slightly above expectations.
While we cannot yet provide exact figures, the trend is positive,” Escrivão stated, as reported by Radio Nacional de Angola.
Despite a decline in the average price per carat—from $143 in 2024 to $105 in 2025—Endiama achieved over $1 billion in revenue during the first six months of the year.
Escrivão expressed confidence in reversing the downward price trend:
“We are working continuously to improve our sales processes and results, and we are promoting natural diamonds to address current challenges.
We believe it is possible to achieve the best possible results during this critical moment for the industry.”
Challenges in Angola’s Diamond Sector
At the opening of the meeting, Filomena Miza, Governor of Lunda Norte, highlighted the ongoing fight against illegal mining—known locally as garimpo—which poses significant challenges to the sector.
“This important industry faces difficulties due to falling natural diamond prices, competition from synthetic diamonds, and the harmful effects of illegal mining.
These factors impact the investments made by mining companies,” Governor Miza said.
Advancing Traceability in Diamond Mining
Ady Van-Dunern, Endiama’s Director of Studies and Projects, emphasized a major industry advancement: nearly 90% of Angolan diamonds are now traceable.
“Traceability is a key innovation that meets consumer demand for transparency about the origin of diamonds and their positive impact on communities.
Implementing traceability in the national diamond sector has enhanced openness and accountability in Angola’s diamond industry,” Van-Dunern said.
This milestone reflects Angola’s commitment to strengthening its diamond industry, improving market competitiveness, and ensuring ethical sourcing to sustain long-term growth.
