Angola Targets Record 17 Million Carats in Diamond Production to Become Africa’s Gemstone Kings. Luanda, Angola — The Angolan government has set a new ambitious target to produce 17 million carats of diamonds by 2027, aiming to solidify its position as a leading producer in the global diamond market.
According to local reports, Angola’s state-owned diamond miner, Endiama, has outlined this ambitious plan, building on a successful year in 2024 where the country achieved a record diamond production of 13.
96 million carats, making it the world’s third-largest producer of rough diamonds.
In 2025, Angola’s diamond exports surged by 126. 5%, with polished diamond exports reaching 23,300 carats and revenues climbing 107% to $109.
7 million.
This growth is attributed to the country’s robust mining sector and increasing demand for its high-quality diamonds.
The government is also considering acquiring a minority stake in De Beers, a move that could further enhance Angola’s influence in the global diamond market.
However, the potential impact of this acquisition remains speculative at this stage. Angola’s diamond mining history dates back to the late 1960s, particularly in the Lunda district.
The country has been actively working to strengthen its position in the global diamond market, and the recent increase in production and revenue indicates a positive economic trend.
Endiama’s target of 17 million carats by 2027 reflects the country’s growing ambition in the diamond industry.
The increase in production and exports is a testament to Angola’s commitment to diversifying its economy and reducing its reliance on oil. Despite the positive outlook, challenges such as synthetic diamond competition and natural diamond oversupply remain.
However, with the right strategies and investments, Angola is well — positioned to become Africa’s gemstone king. Further details are expected as the government and Endiama work towards achieving this ambitious goal.
.
Source: Angola targets record 17 million carats in diamond production to become Africa’s gemstone kings — africa.
Businessinsider.
*Additional reporting by ImNews | Sources consulted: 5*
