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Angola aims to increase annual production to 17.53m carats by 2027; become the world’s third largest rough producer.

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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.

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CaratLane Celebrates Gifting With A Thoughtful Twist, With Mother’s Day Campaign Featuring Yami Gautam Dhar

CaratLane Amplifies Mother’s Day Emotions With A Dual-Gifting Narrative, Spotlighting Self-Love Alongside Gratitude

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A Tata Group product is flooding television screens across the country with its Mother’s Day campaign featuring brand ambassador Yami Gautam Dhar. Centred around the idea of gifting mothers a diamond as a symbol of love and a reflection of gratitude, and gifting yourself a diamond, because you’re her favourite.

The first two films of the campaign saw high-impact visibility during the ongoing Indian Premier League, with placements across Star Sports and JioHotstar, complemented by strong regional presence on channels like Colours Tamil, Jalsha Movies and Star Utsav Movies. Together, these drove widespread national and regional reach for the brand.

The film has been released just in time for Mother’s Day — celebrating the joy of gifting, with a heartwarming twist of choosing something for mom, and a little something for yourself.

Shaifali Gautam, CMO – CaratLane, remarked,

“As we return for our second season advertising on the Indian Premier League, the platform allows us to take our stories to millions of households across the country. This Mother’s Day, with Yami at the centre, we’ve focused on celebrating the emotion of gifting in a way that feels both personal and relatable. Because when it comes to a mother’s love, what you share is priceless — and the pieces you choose to express it should feel just as special. At CaratLane, we believe that expressing love should feel effortless, and never out of reach.”

Built around the idea of thoughtful gifting, the campaign encourages customers to celebrate Mother’s Day with meaningful diamond jewellery. Through this initiative and others, the brand continues to redefine fine jewellery for the modern consumer, making it more personal, wearable, and within reach for every celebration.

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