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Category: Diamonds

Corporate News Diamonds Local

Endiama Reaffirms Drive to Boost Diamond Value Addition and Geological Activity

Angola’s National Diamond Company Targets Value Addition as Production Tops Annual Goal Angola’s National Diamond Company has reaffirmed its commitment to expanding geological exploration and strengthening value addition across the diamond production chain, as the country seeks to extract greater economic benefit from its mineral resources. Speaking in Luanda on Monday, Chairman of the Board of Directors Ganga Júnior said the company is focused on moving beyond the export of rough diamonds by investing in

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Corporate News Diamonds Local

Angola Projects $1.8 Billion in Diamond Sales in 2025 on Higher Export Volumes

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

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Corporate News Diamonds International

De Beers Opens Largest-Ever Forevermark Flagship Store in Mumbai

De Beers Expands in India with Opening of Largest Forevermark Diamond Jewellery Store in Mumbai Diamond mining and jewellery group De Beers has opened a flagship store for its Forevermark Diamond Jewellery brand in Mumbai, reinforcing its long-term commitment to the fast-growing Indian luxury market. The 5,000-square-foot store is located at Crest Link in Khar West, a prime destination along Mumbai’s iconic Linking Road. The new flagship reflects Forevermark’s focus on Indian consumers seeking meaningful,

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Corporate News Diamonds Local

Luele Mining Targets Over 9 Million Carats in 2026 While Strengthening Operations and Community Impact

Luele Mining Sets Ambitious Diamond Production Goal, Boosts Sustainability and Social Development Luele Mining Company plans to produce more than nine million carats of diamonds in 2026, the company’s CEO, Romulo Mucase, announced while reviewing the firm’s first two years of operation. “We are preparing the mine to ensure a steady supply of ore and optimal operation of our processing plant, which now has two mills. We aim to extract over 12 million cubic meters

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International Corporate News Diamonds

Lucara Confirms Strong Economics for Karowe Underground Diamond Project

Lucara Estimates 4.5 Million Carats from Karowe Underground Mine in Botswana Canadian miner Lucara Diamond Corporation has confirmed that the underground expansion of its Karowe diamond mine in Botswana could recover approximately 4.5 million carats over a projected mine life of ten years, according to an updated technical report. The company undertook the update to its underground feasibility study to reinforce its strategic decision to extend the life of the Karowe operation and continue delivering

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Diamonds Corporate News International

IMF Warns Botswana Against Increasing Stake in De Beers Amid Diamond Market Weakness

IMF Cautions Botswana on Expanding De Beers Stake as Diamond Demand Slumps The International Monetary Fund (IMF) has advised the Botswana government against increasing its ownership stake in De Beers, warning that the move could exacerbate the country’s fiscal pressures amid ongoing economic challenges and heavy reliance on the diamond sector. In a review of Botswana’s fiscal position published on December 8, the IMF highlighted heightened uncertainty stemming from the prolonged downturn in the global

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Diamonds Corporate News International

Alrosa Remains Profitable Despite Sanctions and Diamond Market Downturn

Alrosa Confirms Profitability in 2025 Despite Sanctions, Diamond Market Slump Russian diamond miner Alrosa has confirmed that it remained profitable in 2025, despite ongoing international sanctions and a prolonged downturn in the global diamond market. “2025 was a challenging year for the company,” said Aisen Nikolaev, head of Russia’s Sakha (Yakutia) Republic, during a meeting on Tuesday with Alrosa CEO Pavel Marinychev. “Nevertheless, Alrosa fully achieved its key production targets and continued to implement a

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Diamonds Local News

Angola Achieves 93 Percent Diamond Traceability to Strengthen Transparency and Governance

Angola Tracks 93 Percent of Diamond Production, Aiming for Full Traceability and Global Leadership Angola has successfully traced 93 percent of its diamond production, advancing its goal of promoting transparency, governance, and adherence to international best practices, the Angolan National Diamond Company, Endiama, announced on Tuesday. A statement from Endiama emphasized that diamond mining companies in Angola “have reached a significant milestone by ensuring that 93 percent of total production is now traceable.” This achievement

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Diamonds International Technology & Innovation

Botswana Diamonds Expands Exploration Portfolio with AI and Critical Minerals Strategy

Botswana Diamonds Leverages AI to Diversify Into Critical Minerals While Advancing High-Value Diamond Projects Despite a challenging year for the global diamond industry, AIM-listed Botswana Diamonds reports significant progress in its strategic expansion efforts. Reflecting on the financial year ending June 30, 2025, and the first half of its 2026 financial year, the company has strengthened its asset base across diamond and critical mineral exploration and adopted advanced technologies to enhance its projects in South

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Corporate News Diamonds International

De Beers CEO of Tracr, Wesley Tucker, to Step Down After Leading Major Digital Transformation

De Beers Announces Leadership Change as Tracr CEO Wesley Tucker Exits in February 2026 De Beers Group has announced that Wesley Tucker will step down as chief executive officer of Tracr—its blockchain-based diamond traceability platform—at the end of February 2026. Tucker joined the company in April 2021 as head of digital transformation before taking over leadership of Tracr. During his tenure, Tucker played a central role in evolving Tracr from a pilot program into the

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