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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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International News

Cartier Reimagines an Icon: The Ruby-Set ‘Juste un Clou’ Debuts for Lunar New Year

A Fusion of Industrial Rebellion and Festive Elegance Marks a Limited-Edition Celebration of Luck and Prosperity.

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In a bold intersection of high-fashion defiance and cultural tradition, Cartier has unveiled a limited-edition interpretation of its legendary Juste un Clou collection. This special release sees the iconic “nail” silhouette transformed with a festive row of vivid red rubies, launched specifically to commemorate the Lunar New Year.

Originally conceived in 1970s New York by designer Aldo Cipullo, the Juste un Clou has long been a symbol of the “rebellious spirit” and the elevation of the ordinary into the extraordinary. By integrating rubies—stones that traditionally symbolize luck, vitality, and renewal—Cartier effectively bridges its radical Western design heritage with the deep-rooted values of the East.

The collection features the signature wrap-around nail design in gold in bracelets, necklaces, earrings & rings with the “head” and “point” of the nail meticulously pavé-set with high-quality rubies. Industry experts view this move as a strategic masterstroke, as the “festive red” aesthetic continues to be a primary driver for luxury consumption during the spring transition.

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