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Category: Diamonds

Diamonds Economy Local

Angola Ranks Among the World’s Top Three Diamond Producers in 2025

Angola Becomes World’s Third-Largest Diamond Producer with 15.2 Million Carats in 2025 Angola has cemented its position as one of the world’s leading diamond-producing nations, ranking as the third-largest producer of natural rough diamonds in 2025 with an output of 15.2 million carats. The achievement highlights the continued growth of Angola’s mining sector and underscores the country’s increasing influence in the global diamond industry.  According to figures released by the government, Angola trails only Russia

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Corporate News Diamonds

De Beers Transfers Initial P1 Billion to Botswana’s Diamonds for Development Fund

Botswana’s Economic Diversification Drive Gains Momentum with P1 Billion De Beers Contribution to Development Fund Botswana’s efforts to diversify its economy beyond diamonds have received a boost following the transfer of an initial P1 billion contribution from De Beers Group to the Diamonds for Development Fund. The funding provides the foundation for investments aimed at creating jobs, developing new industries and translating the country’s diamond wealth into broader and more sustainable economic opportunities. The Fund

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Corporate News Diamonds International

De Beers Raises 2026 Production Forecast Despite Third-Quarter Decline

De Beers Lifts 2026 Diamond Output Guidance to 28 Million Carats After Taking Full Control of Gahcho Kué De Beers reported an 11% year-on-year decline in rough diamond production to 6.8 million carats in the third quarter of 2026, as planned maintenance at its Orapa mine in Botswana and reduced output at Venetia in South Africa weighed on performance. Despite the decline, the diamond producer raised its full-year production guidance to between 25 million and

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International Corporate News Diamonds

Kenzoll Capital Partners with MSF Commercials to Revive Namibia’s Elizabeth Bay Diamond Mine

Namibia’s Elizabeth Bay Mine Targets Restart Under US$50 Million Investment Plan Dutch private equity and special situations investor Kenzoll Capital has partnered with Namibian-registered MSF Commercials to restart operations at the Sperrgebiet Diamond Mine, formerly known as the Elizabeth Bay Mine, near Lüderitz in southern Namibia. The project aims to revive the historic diamond operation, which has been largely inactive since 2018, while exploring opportunities to develop additional mineral resources. Following regulatory approvals, the investment

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Corporate News Diamonds International

Petra Diamonds Appoints Questco for Strategic Review

Petra Diamonds Appoints Questco as Company Considers Asset Sales Amid Liquidity Pressure London-listed Petra Diamonds has appointed South African corporate advisory firm Questco Corporate Advisory to manage a strategic review as the diamond producer explores options to address its near-term liquidity needs. The appointment follows Petra’s decision last week to undertake a strategic review after consultations with key stakeholders, including its first- and second-lien creditors. The review will consider all potential options available to the

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International Diamonds News

HB Antwerp Restructures Botswana Operations After Rough Diamond Supply Deal Fails

HB Antwerp Restructures Botswana Operations After ODC Diamond Supply Deal Fails Belgian diamond trader HB Antwerp is restructuring and scaling back its Botswana operations after failing to secure a planned supply of rough diamonds from state-owned Okavango Diamond Company (ODC). HB Antwerp Managing Partner Boaz Lev said the company was resizing its operations to reflect the availability of diamonds, after an agreement announced in 2023 failed to materialise. Under the proposed arrangement, announced by former

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Diamonds Economy Local News

Angola Expands Diamond Value Addition with New Saurimo Factory

Seventh Diamond Cutting and Polishing Factory Set to Open in Angola’s Saurimo Angola was preparing to open its seventh diamond cutting and polishing factory at the Saurimo Diamond Development Hub (PDDS) in Lunda Sul Province, further expanding the country’s domestic diamond processing capacity. The announcement was made by Minister of Mineral Resources, Oil and Gas Diamantino Azevedo during the Forum on Investment in the Mining and Oil Sectors in Menongue. The minister said the new

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Diamonds International News

Diamonds for Development Fund Targets Capital Mobilisation for Botswana Diversification

Botswana’s Diamonds Fund Seeks to Unlock Private and International Investment for Economic Diversification Botswana’s newly established Diamonds for Development Fund is seeking to mobilise additional domestic, private, institutional and international capital to support economic diversification and long-term investment across the country. Speaking in Gaborone, Fund Chairman Dr Akinwumi A. Adesina said the Fund would bring together government, businesses, financial institutions, industry and development partners to transform high-potential opportunities into investable projects. The Fund was established

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Corporate News Diamonds International

De Beers unveils faster automated technology for diamond screening

De Beers launches SynthDetect 2 diamond screening technology with under-five-minute tray scans De Beers Group’s Science & Technology division has introduced SynthDetect 2, a new desktop diamond screening instrument designed to improve the speed, efficiency and automation of diamond verification. The next-generation technology was developed in collaboration with participants across the diamond trade to better integrate screening into the operations of manufacturers, laboratories and retailers. SynthDetect 2 can complete a full tray scan in under

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Corporate News Diamonds International

Gem Diamonds Returns to Profit as Letšeng Performance Improves

Gem Diamonds Revenue Rises 32% to $59.7 Million as Letšeng Diamond Prices Strengthen London-listed Gem Diamonds significantly improved its financial performance in the first half of 2026, supported by stronger diamond prices and improved product quality at its Letšeng mine in Lesotho. Revenue for the six months ended June 30 increased 32% to $59.7 million, compared with $45.4 million in the first half of 2025. The average diamond price rose to $1,395 per carat, from

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