The Secretary of State for Mineral Resources, Jânio Corrêa Victor, presented the report on diamond production and sales for the first half of 2025. He noted that the volume exported saw an increase of 108.9% compared to the first half of 2024. However, the resulting value decreased by 14% compared to the same period last year.
Production from January to September represents a completion rate of 72.3% concerning the production goal of 14.8 million carats set for 2025.
According to the data, rough diamonds were sold at an average price per carat of $96.7 (€83.2). The primary markets were the United Arab Emirates, Belgium, and Hong Kong, which absorbed more than 90% of the exports.
By September of this year, diamond production had already reached 10.7 million carats. The 6.8 million carats recorded until June marked an increase of 23.2% compared to the same period in 2024.
Jânio Corrêa Victor indicated that the marketing prospects for this year are optimistic, primarily due to the expected global rough diamond production falling below 100 million carats, marking a halt in the growth trend observed over the past decade.
“Additionally, there’s a sustained high inventory of polished diamonds and moderate consumption of diamond jewelry in the United States, influenced by economic uncertainty and increasing import tariffs on Indian jewelry,” stated the Angolan government official.
Despite this “bleak international scenario,” the Secretary of State for Mineral Resources expressed that the national diamond segment “continues to demonstrate solidity and reliability,” serving as an essential pillar of the Angolan economy.
“We can proudly say that Angola is solidifying its position as an attractive source of gem-quality rough diamonds, reinforcing its strategic position in the international market,” the Angolan government official added, emphasizing Angola’s goal to become the world’s largest diamond producer.
Speaking to the press, Miguel Vemba, Director of Mining Operations and Stake Management at Endiama, noted that the mining companies of Catoca, Luele, Chitotolo, and Cuango are propelling the country’s production targets for the year.
During the period under review, Endiama recorded investments amounting to $216.2 million (a little over €186 million), mainly for the Luele project. Around 89% of these investments were directed toward production, with tax contributions reaching $171.4 million (€147.5 million).
Miguel Vemba emphasized that currently, 90% of Angolan production is traceable due to the mining projects of Catoca, Luele, and Somiluana, with a goal to achieve 95% traceability by 2026 to ensure “the authentic Angolan diamond.”
