DiamondBuzz
Angola’s Diamond Industry Generates $1.8 Billion in 2025 Despite Market Pressures
Higher production and exports offset weaker pricing, driven by strong output from the Luele mine
Angola’s diamond sector recorded rough-diamond revenues of approximately $1.8 billion in 2025, supported by a sharp rise in production and exports, even as global trading conditions remained challenging.
According to a report, Angola exported 17.2 million carats during the year, marking a 69% increase compared with 2024. Total sales volume rose 70% to 17.7 million carats, while sales value climbed 21% year on year.
The report attributed the growth to improved sales management practices, including measures to avoid excess inventory, which helped boost both volumes and overall revenue. Angola’s rough diamonds are sourced primarily from the Catoca, Luele and Lulo mines.
The company highlighted the Luele mine as a key driver of the country’s expanded presence in international markets, noting that increased production significantly strengthened Angola’s ability to place diamonds globally.
Despite the strong volume performance, it was reported a 29% decline in the average selling price per carat, reflecting softer market conditions and pricing pressure across the rough-diamond sector.
DiamondBuzz
Motorsport Meets High Jewellery: Hannah St John Turns Heads with ‘La Velocita’ Diamond Necklace at F1 Event
A 25-carat, 1,800-diamond Masterpiece Inspired by Formula 1 circuits Takes Centre Stage at the Glamour on the Grid ahead of the Australian Grand Prix
At the glamorous lead-up to the Australian Grand Prix, Hannah St John, partner of Liam Lawson, made a striking statement at the Glamour on the Grid event with a one-of-a-kind diamond necklace that seamlessly blended motorsport and haute jewellery.
Titled “La Velocit” (The Speed), the necklace was crafted by Australian atelier Martin Rogers Jewellery. The extraordinary piece features approximately 1,800 diamonds totalling 25 carats, intricately arranged to trace the outlines of iconic Formula 1 circuits from the global racing calendar.
A true testament to craftsmanship, the necklace required an estimated 250–300 hours of meticulous handwork, including weeks dedicated solely to precision diamond setting. Valued at around AUD $500,000 (approximately $350,000 USD), the piece stands as a bold fusion of speed, design, and luxury artistry.
Blurring the lines between engineering inspiration and fine jewellery, “La Velocità” captured attention across the paddock, proving that Formula 1’s influence extends far beyond the track.
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