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Category: Diamonds

Diamonds Economy Local News

Angola Targets 17 Million Carats as Endiama Scales Diamond Production

Angola’s Endiama Plans to Boost Diamond Output to 17 Million Carats by 2027 Angola’s state-owned diamond producer, Endiama, plans to increase annual production to 17 million carats by 2027, building on a record-breaking performance that has reinforced the country’s position in the global diamond industry. According to a government publication distributed at the 2025 Africa Mining Indaba in Cape Town, Endiama produced 14 million carats of rough diamonds in 2024—the highest output in the company’s

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Corporate News Diamonds International

Letšeng Diamond Mine Reports 36% Revenue Drop in 2025

Letšeng Mine in Lesotho Sees Sharp Revenue Decline Amid Global Diamond Market Challenges The Letšeng diamond mine in Lesotho, known for producing some of the world’s highest-value diamonds per carat, experienced a significant revenue decline in 2025. Gem Diamonds, the mine’s owner, reported on February 4, 2026, that Letšeng generated $97.7 million, down 36% from $152.8 million in 2024. The drop is attributed to a 14% fall in production and a 20% decrease in the

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Diamonds Local News

GIA Explores Certification Partnership for Angolan Diamonds

GIA Eyes Certification of Angolan Diamonds as U.S. Interest in Angola’s Diamond Sector Grows Angola’s diamond industry is attracting growing interest from the United States, with the Gemological Institute of America (GIA) signalling its intention to collaborate on the certification of diamonds produced in the country. The initiative could strengthen Angola’s position in the global diamond market while supporting local economic development. During a visit to diamond sector infrastructure in Lunda Sul Province, a GIA

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Diamonds Economy Local News

Angola’s Polished Diamond Exports Surge in 2025 Despite Global Price Pressures

Angola Polished Diamond Exports More Than Double in 2025 as Volumes and Revenues Rise Angola’s polished diamond exports more than doubled in 2025, recording strong growth in both volumes and total export value despite a decline in average prices, according to a statement released by the country’s national diamond trading company, Sodiam, on January 26. Sodiam reported that between January 1 and December 31, 2025, Angola exported 23,300 carats of polished diamonds at an average

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Corporate News Diamonds International

De Beers Launches Jewellery Collection Featuring Ethically Sourced Artisanal Diamonds

De Beers Unveils GemFair Capsule Jewellery Collection Showcasing Ethically Sourced Artisanal Diamonds Diamond mining company De Beers Group, through its GemFair programme and luxury jewellery brand De Beers London, has announced the launch of a capsule jewellery collection featuring ethically sourced artisanal diamonds. In a media release issued on January 23, De Beers said the launch marks the first time GemFair’s ethically sourced, artisanal-mined diamonds have been incorporated into fine jewellery, bringing their story of

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Diamonds Gold International Mining Projects News

Botswana Diamonds Secures New Licences to Expand into Copper and Gold Exploration

Botswana Diamonds Enters Copper and Gold Exploration with 7,000 km² of New Licences in Botswana AIM- and BSE-listed Botswana Diamonds has announced the award of eight prospecting licences covering approximately 7,000 km² in north-western Botswana, marking a potential entry into the copper and gold sectors. The licences, which are valid until December 31, 2028, were selected following an extensive AI-driven assessment of the company’s Botswana-focused exploration database, which spans about 95,000 km². The analysis incorporated

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Corporate News Diamonds International

Lucara Seeks TSX Hardship Exemption for C$165m Dilutive Financing

Lucara Applies for TSX Hardship Exemption to Complete C$165m Private Placement for Karowe UGP Diamond producer Lucara Diamond Corp has applied to the Toronto Stock Exchange (TSX) for a financial hardship exemption that would allow it to complete a highly dilutive C$165-million private placement without shareholder approval, citing severe liquidity constraints and the risk of disruption to its Karowe Underground Project (UGP) in Botswana. The application relates to Lucara’s previously announced non-brokered equity private placement,

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Diamonds International News

Botswana’s Diamond Stockpile Swells as Low Prices Weigh on Economy

Botswana Diamond Stockpile Nearly Doubles Target Level Amid Prolonged Price Slump Botswana’s diamond stockpile has grown to nearly double its target inventory level as persistently low prices continue to limit production growth, constraining the country’s ability to stimulate economic activity in the short term, the finance ministry has said. According to the ministry, Botswana’s economy is expected to contract by almost 1% in 2025, following a 3% decline in 2024, largely as a result of

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Diamonds Local News

Angola Aims to Produce Over 16 Million Carats of Diamonds in 2026

Endiama Targets Record Diamond Production in 2026 After achieving diamond production of more than 15 million carats in 2025, Endiama has set ambitious targets for 2026, forecasting national output to exceed 16 million carats. The projection was announced by Ganga Júnior, Chairman of the Board of Directors of Endiama, during a press conference held on Thursday to present the company’s 2025 performance results and its strategic objectives for the current year. According to Angop, the

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Diamonds Corporate News International

Rare 42-Carat Blue Diamond Discovered at South Africa’s Cullinan Mine

Cullinan Mine Unveils 42-Carat Type IIb Blue Diamond Valued at $40 Million A rare blue diamond weighing 41.82 carats has been discovered at South Africa’s historic Cullinan Mine, reinforcing the site’s reputation for producing some of the world’s most exceptional coloured diamonds. Industry experts estimate the stone could fetch $30–$40 million at auction. Petra Diamonds, which operates the mine approximately 20 miles east of Pretoria, described the find as a “type IIb blue diamond of

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