Diamond - Copperbelt Katanga Mining

De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset

July 8, 2026July 8, 2026 Constance0 comment

De Beers Reduces Diamond Prices in Major Shift as Weak Demand and Lab-Grown Stones Pressure Market De Beers has introduced some of its largest official diamond price reductions in years, marking a significant shift in strategy as the company responds to prolonged weakness in the global diamond market. The price cuts come during the company’s first sales cycle after reducing the number of its selected diamond buyers, known as sightholders. The move is part of a broader effort to strengthen relationships with key customers amid challenging market conditions. The diamond… Read More Here

Mining in DRC Diamond Gemstones Partnership

DRC Partners with ADEX Platform AG to Modernize Diamond and Gemstone Industry

June 30, 2026June 30, 2026 Constance0 comment

DRC Signs Landmark Diamond Trade Agreement with Switzerland’s ADEX to Boost Transparency and Local Value Addition The Democratic Republic of the Congo (DRC) has taken a significant step toward transforming its diamond and colored gemstone industry with the signing of a strategic framework agreement between the Mining Fund for Future Generations (FOMIN) and Swiss technology company ADEX Platform AG. The agreement, signed on Monday, June 29, 2026, was officiated by Minister of Mines Louis Watum Kabamba. It formalizes a partnership that was approved during the 91st Ordinary Meeting of the… Read More Here

Mining in DRC Diamond

DRC Launches New Diamond Company to Strengthen Local Processing and Exports

May 30, 2026May 30, 2026 Constance

DRC Approves ADEX RDC SA Joint Venture to Boost Diamond Processing and Local Value Addition The Democratic Republic of Congo (DRC) has approved the creation of ADEX RDC SA, a new joint venture aimed at modernizing and strengthening the country’s diamond sector through increased local value addition. The decision was taken during the 91st ordinary meeting of the Council of Ministers held on Friday, May 29, 2026, in Kinshasa. The proposal was presented by the Minister of Mines, Louis Watum Kabamba, and subsequently validated by the government. ADEX RDC SA… Read More Here

Mining in DRC Diamond Economy

DRC Diamond Exports Reach $67 Million in 2025, Driven Largely by Artisanal Mining

April 5, 2026April 5, 2026 Constance

DRC Exports Over 9 Million Carats of Diamonds in 2025 as Artisanal Sector Dominates Production The Democratic Republic of Congo (DRC) exported diamonds worth an estimated $67.18 million in 2025, according to consolidated provisional data released by the Technical Unit for Mining Coordination and Planning (CTCPM). In total, diamond exports reached 9,081,140.19 carats during the year, reflecting the continued importance of the diamond sector in the country’s mineral economy. The data highlights the dominant role of artisanal mining in the export structure. The artisanal sector accounted for 7,929,274.61 carats, generating… Read More Here

Diamond Corporate News Mining in DRC

SACIM Completes First Antwerp Diamond Sale in Over a Decade

February 27, 2026February 27, 2026 Constance

SACIM Sells 288,000 Carats in Antwerp as Congolese Industrial Diamonds Return to Open Market The Société Anhui Congo d’Investissement Minier (SACIM) has completed its first public sale of industrial diamonds in Antwerp, Belgium, totalling 288,000 carats. The transaction, held from 16 to 20 February 2026, marks a significant step in re-establishing the company’s presence on the international open market. The sale was conducted with technical coordination from Samir Gems and the Antwerp World Diamond Centre (AWDC). A total of 67 international companies participated, including buyers from China, India, the United… Read More Here

Diamond International

Okavango Diamond Company Expands Contract Sales to Stabilise Revenues

February 16, 2026February 16, 2026 Constance

Botswana’s Okavango Diamond Company Targets 50% Contract Sales to Navigate Weak Diamond Market Botswana’s state-owned Okavango Diamond Company (ODC) plans to increase the proportion of rough diamonds sold through long-term contracts in response to a depressed global diamond market, Acting Managing Director Lipalese Makepe said on Wednesday. Contract sales offer greater predictability than auctions and tenders, which are highly competitive and can result in price volatility. The shift comes amid surplus supply, weakening consumer demand and the growing popularity of lab grown diamonds, all of which have pressured rough diamond… Read More Here

International Corporate News Diamond

Letšeng Diamond Mine Reports 36% Revenue Drop in 2025

February 8, 2026February 8, 2026 Constance

Letšeng Mine in Lesotho Sees Sharp Revenue Decline Amid Global Diamond Market Challenges The Letšeng diamond mine in Lesotho, known for producing some of the world’s highest-value diamonds per carat, experienced a significant revenue decline in 2025. Gem Diamonds, the mine’s owner, reported on February 4, 2026, that Letšeng generated $97.7 million, down 36% from $152.8 million in 2024. The drop is attributed to a 14% fall in production and a 20% decrease in the average price per carat, which fell from $1,390 in 2024 to $1,105 in 2025. Exceptional… Read More Here

International Angola Diamond

GIA Explores Certification Partnership for Angolan Diamonds

January 27, 2026January 27, 2026 Constance

GIA Eyes Certification of Angolan Diamonds as U.S. Interest in Angola’s Diamond Sector Grows Angola’s diamond industry is attracting growing interest from the United States, with the Gemological Institute of America (GIA) signalling its intention to collaborate on the certification of diamonds produced in the country. The initiative could strengthen Angola’s position in the global diamond market while supporting local economic development. During a visit to diamond sector infrastructure in Lunda Sul Province, a GIA delegation expressed interest in working with Angolan authorities to certify “diamonds made in Angola.” The… Read More Here

Diamond Angola International

Angola’s Polished Diamond Exports Surge in 2025 Despite Global Price Pressures

January 26, 2026January 26, 2026 Constance

Angola Polished Diamond Exports More Than Double in 2025 as Volumes and Revenues Rise Angola’s polished diamond exports more than doubled in 2025, recording strong growth in both volumes and total export value despite a decline in average prices, according to a statement released by the country’s national diamond trading company, Sodiam, on January 26. Sodiam reported that between January 1 and December 31, 2025, Angola exported 23,300 carats of polished diamonds at an average price of $4,705.74 per carat, generating total export revenues of $109.7 million. Compared with the… Read More Here

International Diamond Exploration Gold New Mining Projects

Botswana Diamonds Secures New Licences to Expand into Copper and Gold Exploration

January 26, 2026January 26, 2026 Constance

Botswana Diamonds Enters Copper and Gold Exploration with 7,000 km² of New Licences in Botswana AIM- and BSE-listed Botswana Diamonds has announced the award of eight prospecting licences covering approximately 7,000 km² in north-western Botswana, marking a potential entry into the copper and gold sectors. The licences, which are valid until December 31, 2028, were selected following an extensive AI-driven assessment of the company’s Botswana-focused exploration database, which spans about 95,000 km². The analysis incorporated a large body of geophysical survey data and identified strong prospectivity for copper, with additional… Read More Here