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.”