Angola is moving to transform its diamond industry by cutting and polishing the majority of its rough production domestically within the next three years. The shift underscores the country’s ambition to capture more value from its natural resources, reduce dependency on exports of rough stones, and position itself as a competitive hub in the global diamond trade.

Angola produced 14 million carats of diamonds in 2024, yet only 20 per cent of this output is cut and polished locally across nine factories. The bulk of rough stones continues to be exported to established trading and polishing centres such as the UAE and Belgium..

The government is building new cutting and polishing facilities in Saurimo, the country’s key mining hub. The project is part of a broader national strategy to industrialize the sector and create local employment opportunities. Beyond infrastructure, Angola is also encouraging joint ventures with international firms to bring in expertise and technology.

Angola still has 60 per cent of its diamond-rich territory unexplored, which suggests significant growth potential. The opening of Luele, the country’s largest and most advanced diamond mine, is expected to bolster output and secure supply for the planned polishing expansion.

Angola’s strategy to polish most of its diamonds domestically by 2027 is a bold step toward reshaping its role in the global diamond supply chain. If executed successfully, it could transform the country from a resource exporter into a value-added player, setting a precedent for other African nations rich in natural resources.