Angolan Mining Oil & Gas

Rough diamonds above 5 carats were in tight supply during this week’s trading session, with industry sources attributing the shortage to both production cuts and De Beers’ strategy of limiting supply. During the February sight, prices remained stable across most categories as De Beers adhered to its policy of not overflooding the market, according to insiders. However, the scarcity of large stones raised eyebrows, especially considering De Beers reportedly holds $2 billion in inventories, its

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After extensive negotiations, De Beers and the government of Botswana have signed a historic agreement extending their diamond partnership for another decade. The new sales agreement for rough diamonds from Debswana, the joint venture between the government and De Beers, will remain in effect for the next 10 years, De Beers announced on Tuesday. Under the terms of the deal, 30% of Debswana’s production will go to the state-owned Okavango Diamond Company (ODC) for the

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The Anhui Congo Investment Company (SACIM) in Kasai-Oriental continues to face significant challenges, raising concerns across the region. On February 26, 2025, a SACIM manager revealed to Actualité.cd that the company, which typically produces an average of 300,000 carats of diamonds per month, is encountering difficulties in selling its diamonds due to newly imposed price restrictions. Under the terms of Ministerial Decree No. 00049/CAB.MIN/MINES/01/2022, dated February 22, 2022, SACIM is restricted to selling its diamonds

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