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Angola’s Diamond Output Surges Past Targets as Catoca and Luele Mines Drive Growth

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Angola’s diamond sector delivered a robust performance in the first half of the year, with production surpassing expectations despite global market headwinds. According to state-owned miner Endiama, total diamond output reached 6.8 million carats during the period, exceeding planned targets.

The surge was led by the Catoca mine, which recorded production levels over 40% above its expected range, and the Luele deposit, which achieved a 35% year-on-year increase. Together, the two major operations contributed 91% of Angola’s total diamond output in the first six months.

From January to September, Angola produced 10.7 million carats, achieving 72% of its annual goal of 14.8 million carats, with Endiama confident of surpassing this target by the end of 2025. The country has also invested $216 million into its diamond sector, with a major share directed toward expanding the Luele project, which is currently ramping up production.

Despite a challenging market environment, Endiama reported exports of 8.2 million carats of rough diamonds in the first half of the year at an average price of $97 per carat, totaling $790.4 million in sales. Buyers from the United Arab Emirates (UAE), Belgium, and Hong Kong accounted for more than 90% of exports. While export volume rose 109% year-on-year, total sales value declined 14% due to softer global prices.

Projections for the end of 2025 are encouraging,” Endiama added. “Global rough-diamond production is estimated to fall below 100 million carats, interrupting the growth trend of the last decade. This scenario favors countries like Angola, which stands out for its supply of gem-quality diamonds.

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DiamondBuzz

Natural Diamond Council and Dubai Jewellery Group Host a Successful ‘The   Diamond Dialogue’ in Dubai

Industry leaders come together to discuss opportunities, challenges, and consumer trust in the diamond sector

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Natural Diamond Council (NDC), a global not-for-profit organization collaborating the natural diamond industry and its entire value chain, hosted first-ever edition The Diamond Dialogue in partnership with  Dubai Jewellery Group (DJG). The Diamond Dialogue was a thought-provoking industry roundtable that brought together leading voices from the UAE’s jewellery sector to discuss the evolving landscape of the natural diamond industry.

The session, held in Dubai, brought together key stakeholders, including retailers, industry leaders, and trade experts, for a candid exchange on the current challenges and opportunities shaping the diamond sector. Discussions centered on how the industry can better connect with today’s well-informed yet easily distracted consumer, ensuring that the emotional and enduring value of natural diamonds continues to shine through every interaction.

With the advent of lab-grown diamonds, experts reiterated that knowledge remains the cornerstone of trust and the strength of the diamond community. The dialogue emphasized the importance of clear and transparent communication, helping consumers understand that natural and lab-grown diamonds represent two distinct and parallel markets. Participants collectively agreed that honesty, transparency, and clarity must guide every engagement with consumers.

The session was moderated by Richa Singh, Managing Director – India & Middle East, Natural Diamond Council (NDC), and featured perspectives from Tawhid Abdullah, CEO, Jawhara Jewellery & Chairman, Dubai Jewellery Group; K.P. Abdul Salam, Vice Chairman, Malabar Group; Anuraag Sinha, Managing Director, Liali Jewellery; Chandu Siroya, Owner, Siroya Jewellers; and Amit Dhamani, CEO and Managing Director, Dhamani Group.

Our special guest, Mr. Ahmad Ali Moosa, Director of the Consumer Protection Department at the Dubai Corporation for Consumer Protection and Fair Trade (DCCPFT), offered a unique perspective on the importance of building a transparent ecosystem that prioritizes consumer trust and protection.

Commenting on the session, Richa Singh, Managing Director, Natural Diamond Council, “We’ve always envisioned The Diamond Dialogue as an open and honest conversation that leads to real action. Dubai has been the first market to embrace this initiative and to collaborate with us in moving the conversation forward. It’s inspiring to see industry leaders, retailers, and government stakeholders come together with a shared purpose, to strengthen trust, educate consumers, and shape a stronger, more transparent future for natural diamonds.”

Commenting on the session, Tawhid Abdullah, Chairman, Dubai Jewellery Group, “Dubai continues to be a beacon for the global jewellery trade, a place where innovation, integrity, and tradition converge. We are the most established jewellery market in the region and are thrilled to have NDC lead this important conversation. The Diamond Dialogue is an important step toward strengthening our collective voice and ensuring we uphold the highest standards of transparency and consumer confidence in natural diamonds.”

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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.

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