DiamondBuzz
Angola calls for African unity to revive natural diamond market
Angola’s Minister of Mineral Resources, Diamantino Azevedo, urged African diamond-producing nations to coordinate strategies and launch unified global campaigns to restore natural diamond prices and market position.
Speaking at a ministerial roundtable in Luanda, Azevedo emphasized that consumers should understand that buying natural diamonds supports “real human transformation” across Africa, funding schools, hospitals, and infrastructure development.
Key Points:
- Africa produces over 65% of global rough diamonds, led by Angola, Botswana, South Africa, Namibia, DRC, and Sierra Leone
- Angola produced 14+ million carats in 2024 (96% of target) and inaugurated the massive Luele mine
- The country is expanding the Saurimo Diamond Development Pole with 19 new factories and establishing the Angola Diamond Exchange
- Angola is preparing to formally join the Natural Diamond Council
The one-day summit brought together mineral resource ministers from major African diamond producers to address industry challenges and promote the positive impact of natural diamonds on producing communities.
Azevedo stressed that true wealth lies not in carats extracted but in the value we retain, the future we build, and the dignity we preserve.
DiamondBuzz
Kylie Jenner Debuts At Victoria’s Secret Show In $50 Million Fantasy Bra By Jacob & Co.
Kylie Jenner Walks The Ramp In Bra Crafted By Jacob & Co. From 4,410 Natural Diamonds Surrounding A 75.54-Carat Radiant-Cut Fancy Vivid Yellow Diamond
This year, the famous Fantasy Bra returned to the runway for the first time since 2018. Made by New York jeweler Jacob & Co., it costs $50 million—making it the most expensive Fantasy Bra ever and about $35 million more expensive than any previous version.
Making her Victoria’s Secret Fashion Show runway debut,Kylie Jenner wore the show-stopping bedazzled bra, a gauzy white mini skirt and expansive white feathered angel wings.
The bra features 4,410 natural diamonds set around a large, bright yellow 75.54-carat diamond. A team of 15 craftspeople spent over 1,000 hours creating the piece, which weighs just under two kilograms (about 4.4 pounds).
WGC Report-Digital Gold: Unlocking a $700bn Opportunity
Malabar Gold & Diamonds Unveils ‘SWAYE’, A Natural Diamond Collection Inspired By Spiral Forms and Modern Elegance
Nike Enters Jewellery Market With First-Ever Collection Priced Up To $5,750
Malabar Gold & Diamonds Unveils ‘SWAYE’, A Natural Diamond Collection Inspired By Spiral Forms and Modern Elegance
WGC Report-Digital Gold: Unlocking a $700bn Opportunity
Limelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
-
BrandBuzz3 hours agoMalabar Gold & Diamonds Unveils ‘SWAYE’, A Natural Diamond Collection Inspired By Spiral Forms and Modern Elegance
-
International News19 minutes agoWGC Report-Digital Gold: Unlocking a $700bn Opportunity
-
National News2 days agoLimelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
-
International News4 hours agoNike Enters Jewellery Market With First-Ever Collection Priced Up To $5,750
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.