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Category: Diamond

Angola’s Diamond Push Gains Momentum as New Mines Reshape the Industry 1 International Diamond Economy 

Angola’s Diamond Push Gains Momentum as New Mines Reshape the Industry

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Angola Diamond Industry Targets Global Top Two by 2030 With New Mining Projects Angola is stepping up efforts to strengthen its diamond industry, targeting a rise to the world’s second-largest diamond producer by 2030 through increased investment, structural reforms and stronger transparency standards. The government says the ambition will be supported by strategic partnerships with international mining companies and the expansion of major projects that can significantly increase national output. The Luele mine in Lunda Sul is expected to remain a key driver of production growth, while the planned Chiri… Read More Here
ASA Faces $12 Million Funding Call as DRC Moves to Revive MIBA 2 Mining in DRC Corporate News Diamond 

ASA Faces $12 Million Funding Call as DRC Moves to Revive MIBA

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ASA Resource Group Asked to Invest $12 Million to Retain 20% MIBA Stake British mining company ASA Resource Group Limited faces a $12 million capital call from the Democratic Republic of Congo’s state-owned diamond producer, Société Minière de Bakwanga (MIBA), as the company seeks to preserve its 20% stake in the struggling miner. MIBA has asked ASA to contribute approximately 27.5 billion Congolese francs, equivalent to about $12 million, as part of a major capital increase aimed at financing the company’s turnaround. The capital increase will raise MIBA’s share capital… Read More Here
Anglo American Denies Favouring Buyer as De Beers Sale Talks Continue 3 International Corporate News Diamond 

Anglo American Denies Favouring Buyer as De Beers Sale Talks Continue

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Anglo American Says No Preferred Bidder as De Beers Sale Could Fetch $1 Billion Anglo American has denied favouring any particular buyer for its diamond business, De Beers, as the mining group continues to explore options for the struggling unit. Anglo American CEO Duncan Wanblad said on Thursday that the company was “not exclusive with any consortium”, rejecting reports that it was favouring a consortium led by former De Beers CEO Gareth Penny. The comments come as Anglo American considers potential offers for De Beers amid prolonged weakness in the… Read More Here
African Diamond Producers Struggle to Recover as Market Pressures Persist 4 International Diamond Economy 

African Diamond Producers Struggle to Recover as Market Pressures Persist

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African Diamond Miners Face Continued Market Pressure in First Half of 2026 Africa’s diamond industry continued to face challenging market conditions in the first half of 2026, with major producers in Botswana, South Africa, Namibia and Lesotho struggling to achieve a sustained recovery in natural diamond demand. Financial results released during the period point to continued pressure across the industry, driven by weaker prices, economic uncertainty and growing competition from laboratory-grown diamonds. In South Africa, Petra Diamonds reported a 45% quarter-on-quarter decline in diamond revenue during the fourth quarter of… Read More Here
Kaoko Metals Secures First Diamond Drilling Contract for Namibia Copper Project 5 New Mining Projects Copper Diamond Drilling 

Kaoko Metals Secures First Diamond Drilling Contract for Namibia Copper Project

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Australian Explorer Kaoko Metals Begins First Copper Drilling Campaign at Namibia’s Chalkos Project Australian exploration company Kaoko Metals has awarded its first diamond drilling contract to Namibian contractor Optimine as it prepares to begin exploration drilling at the Chalkos copper project in Namibia’s Kaoko Belt. Optimine is expected to mobilise to the project within two weeks, with the initial drilling campaign set to cover between 2,000 and 3,000 metres at the Donkey Hill and Otniel prospects, where copper mineralisation has already been identified at surface. The maiden drilling programme represents… Read More Here
De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset 6 International Corporate News Diamond 

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

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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
DRC Partners with ADEX Platform AG to Modernize Diamond and Gemstone Industry 7 Mining in DRC Diamond Gemstones Partnership 

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

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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
DRC Launches New Diamond Company to Strengthen Local Processing and Exports 8 Mining in DRC Diamond 

DRC Launches New Diamond Company to Strengthen Local Processing and Exports

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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
DRC Diamond Exports Reach $67 Million in 2025, Driven Largely by Artisanal Mining 9 Mining in DRC Diamond Economy 

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

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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
SACIM Completes First Antwerp Diamond Sale in Over a Decade 10 Diamond Corporate News Mining in DRC 

SACIM Completes First Antwerp Diamond Sale in Over a Decade

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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

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