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Category: Diamonds

Diamonds Corporate News Local

Endiama and Sodiam Join Natural Diamond Council, Advancing Angola’s Global Industry Role

Angola’s state-owned diamond companies, Endiama and Sodiam, have officially joined the Natural Diamond Council (NDC) as contributing members, marking a significant step in the country’s integration into the global natural diamond industry. Effective July 1, 2025, both companies will begin their participation with a joint contribution of $8 million for the second half of the year. “By joining the Natural Diamond Council, Endiama and Sodiam are formalizing our dedication to a global strategy that highlights

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Corporate News Diamonds International

Namibia’s TaTe Diamonds expands into U.S. market with Atlanta showroom

TaTe Diamonds, Namibia’s first fully Namibian-owned diamond company, has officially entered the United States market with the grand opening of its flagship showroom in Atlanta, Georgia. Located in Buckhead, Atlanta’s premier luxury district, the showroom marks a significant milestone in the company’s international expansion and brand visibility. The launch event drew distinguished Namibian and international guests, with Brent Eiseb, CEO of the Namibian Diamond Trading Company (NDTC), presiding over the ribbon-cutting ceremony. The Namibian delegation

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Diamonds Economy Local News

African Nations Sign Luanda Agreement to Protect and Promote Natural Diamonds

On Wednesday, several African countries signed the “Luanda Agreement,” a commitment to defend and promote natural diamonds. Under this pact, the signatory nations agreed to contribute 1 percent of their annual revenues from diamond sales to fund a global marketing initiative for the sector. The agreement was signed by the ministers of mineral resources from Angola, South Africa, Botswana, Namibia, and the Democratic Republic of Congo (DR Congo)—all key diamond-producing countries. The announcement was made

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Corporate News Diamonds Exploration Local Mining Projects

De Beers to Launch Diamond Exploration in Angola’s Lunda Provinces

De Beers, the global diamond mining giant, will commence diamond exploration activities in Angola’s Lunda Norte and Lunda Sul provinces within the next two weeks, according to the company’s CEO, Al Cook. The announcement was made following a meeting with President João Lourenço in Luanda on Tuesday. According to a statement from the Press Office of the Presidency (CIPRA), accessed by VerAngola, the exploration marks the next phase following two years of aerial electromagnetic surveys

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Diamonds Local News

Angola Vows to Protect Natural Diamond Interests Amid De Beers Stake Sale

Angola is closely monitoring the ongoing restructuring of diamond giant De Beers, following the announcement that Anglo American—its majority shareholder—is planning to sell its 85% stake. The Angolan government is actively engaging with partners to prevent the company from being taken over by parties that lack a genuine interest in the future of natural diamonds. This assurance was given on Thursday by Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, during remarks at Endiama’s

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Corporate News Diamonds Local

Global Diamond Giant Hari Krishna Exports Eyes Investment in Angola’s Saurimo Hub

Hari Krishna Exports, one of the world’s leading companies in high-quality rough diamond cutting and jewelry manufacturing, has expressed strong interest in investing in Angola. The company plans to establish two diamond cutting factories in the Saurimo Diamond Development Hub, located in the province of Lunda Sul. A delegation from Hari Krishna Exports, led by Dharmesh Dholakia, is currently visiting Angola and has been received by the Ministry of Mineral Resources, Oil and Gas, as

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Diamonds Corporate News Local

Angola Defends Alrosa Exit as Strategic Shift in Diamond Sector Priorities

Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, defended the decision to replace Russia’s Alrosa as a partner in the country’s key diamond mining ventures, saying the move was initially misunderstood but ultimately necessary to protect national and sectoral interests. Speaking at a diamond industry presentation on Thursday in Luanda, Azevedo acknowledged that the change “was not always well understood, including by Endiama itself,” referring to Angola’s state-owned diamond company. He emphasized that

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Diamonds Economy Local News

Martin Rapaport Urges Angola to Build Strong Diamond Brand and Negotiate U.S. Tariffs

International diamond expert Martin Rapaport emphasized on Thursday in Luanda the importance of Angola establishing a strong global brand for its diamonds and actively negotiating trade tariffs with the United States. Speaking to Lusa about the potential for increased diamond exports to the U.S. — following the replacement of former Russian partner Alrosa with Taaden, a company owned by the Sovereign Fund of the Sultanate of Oman — Rapaport stated that “the issue of sanctions

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Diamonds International News

DRC Restores Market Freedom to Revive Troubled Diamond Miner Sacim

The government of the Democratic Republic of Congo (DRC) has announced plans to revive Anhui Congo Investissement (Sacim), a diamond mining company located in Miabi, Kasaï Oriental. Sacim is a joint venture between the Congolese state and China’s Anhui Foreign Economic Construction Corporation. Despite producing approximately 250,000 carats of diamonds each month, the company has recently struggled with operational, managerial, and social challenges. According to DRC’s Minister of Mines, Kizito Pakabomba Kapinga Mulume, the crisis

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Corporate News Diamonds International

Alrosa Uncovers Diamond Smuggling Ring Involving Employee and Armenian Accomplices

Russian diamond miner Alrosa has uncovered an internal smuggling scheme in which an employee allegedly swapped low-value diamonds for higher-quality stones and sold them to Armenian smugglers. According to a company statement released Monday, Alrosa’s internal security team, in collaboration with Russia’s Federal Security Service (FSB), caught a diamond sorter in the act of attempting to smuggle a batch of rough diamonds valued at RUB 1.9 million ($24,153). The intercepted batch weighed approximately 250 carats.

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