International News
Angola aims to increase annual production to 17.53m carats by 2027; become the world’s third largest rough producer.
Angola aims to increase annual diamond production to 17.53m carats by 2027, and to become the world’s third largest rough producer.It is forecasting a 50 per cent increase in diamond revenue this year from $1.4bn in 2024 to $2.1bn.
Angola has vast mineral wealth – including huge, unexplored diamond reserves – but the devastating civil war (1975 to 2002) has hampered its economic development.However, De Beers and Rio Tinto are now prospecting, and in November 2023 the new Luele (formerly known as Luaxe) mine opened. It will eclipse Catoca as the country’s biggest mine, and is expected to produce 6m carats annually.
As part of its National Development Plan 2023-2027, Angola plans to channel diamond mining revenues into food security, employment generation, and poverty reduction.It recovered 9.8m carats in 2023, maintaining its position as the world’s sixth biggest rough producer and was expected to produce up to 14.6 million carats in 2024.
International News
Pandora’s Canada Move Dodges US Tariffs
Fast Shipping, Rock-Solid Reliability, and Top-Tier Customer Service
Pandora’s betting big on Canada with a shiny new distribution hub in Mississauga, Ontario—designed to slash delivery lags and sidestep those pesky US tariffs. It’s a game-changer for the Canadian ops: lightning-fast shipping, rock-solid reliability, and top-tier customer service.
Pandora, which locates its jewelry manufacturing in Thailand, where it operates two factories, has been affected by the tariff policies imposed by U.S. President Donald Trump in recent months. With the new distribution plant, the company expects to reduce its costs by up to 1.5 percentage points in the current fiscal year.
This powerhouse site cranks out up to 12,500 online orders daily, per Pandora’s announcement. Canada’s a rocket for the Danish jewelry giant: sales rocketed over 50% since 2019, topping DKK 1 billion ($153.9M) last year alone. Pandora’s got 96 stores dotting the Canadian landscape.
Previously, 20%+ of those digital Canadian buys shipped from US centers—hello, tariffs and delays. Now? Processing shifts north, trimming delivery times by 50% and nixing border duties entirely.
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