Angola’s Diamond Revenues Set to Rise Sharply Despite Weaker Prices
Angola is projected to generate $1.8 billion in diamond revenues in 2025, representing a 21% increase compared with the previous year, according to Sodiam, the state-owned National Diamond Trading Company.
In a statement, Sodiam said the projected revenues are based on the sale of 17.7 million carats of diamonds, marking a 70.2% rise in export volumes year on year.
The company attributed the strong performance to a significant expansion in Angola’s ability to place diamonds on the international market, driven largely by increased production from the Luele mine.
This growth comes despite a sharp 28.9% decline in the average selling price per carat, reflecting ongoing weakness in global demand for natural diamonds.
Sodiam noted that in 2025, Angola exported approximately 17.2 million carats, a 68.9% increase compared with the previous year, even as the global diamond market faced structural shifts and changing consumer preferences, including growing interest in lab-grown stones.
“The results of rough diamond sales in 2025 confirm that Angola has adjusted its commercial strategy to the evolving dynamics of the international diamond market, despite a challenging global environment for natural diamonds,” the statement said.
According to Sodiam, the rise in both sales volumes and revenues was supported by more efficient marketing and a strategic decision to avoid stockpiling diamonds.
This approach contrasted with 2024, when inventories were built up at major operations such as the Catoca and Luele mines.
