DRC to Establish Joint Company for Local Diamond Processing and Jewelry Manufacturing
The Democratic Republic of Congo (DRC) is set to establish a joint company dedicated to the local cutting and polishing of diamonds and colored stones, as well as jewelry manufacturing.
This initiative was announced on Tuesday, July 16, following a meeting between Kizito Pakaboma, head of the Congolese mining sector, and Teit Ritzau, Managing Director of the Swiss firm Adex Platform, an international consortium specializing in diamonds and precious stones.
According to the Ministry of Mines’ communications unit, the Adex Platform AG delegation presented a report detailing the progress of their negotiations, aiming for the imminent signing of an agreement.
In January, a delegation from the diamond sales platform, accompanied by the Swiss ambassador in Kinshasa, met with Deputy Minister of Mines, Godard Motemona, to discuss the implementation of the framework agreement between the Center of Expertise, Evaluation, and Certification of Precious and Semi-Precious Mineral Substances (CEEC) and Adex Platform AG.
Godard Motemona reassured the delegation of the Ministry of Mines’ continued support for this partnership until its full realization.
He emphasized that the framework agreement aligns with the vision of the Head of State, who aims for the DRC’s mines to benefit the country by adding value through local processing of precious stones.
According to annual data from the Technical Cell of Coordination and Mining Planning (CTCPM), the DRC exported 8.3 million carats of diamonds in 2023, valued at USD 85.6 million.
