Thus, last year, around 10.2 million carats were exported, valued at almost 1.5 billion dollars, a reduction of almost three percent compared to 2023, according to data from the Angolan National Diamond Trading Company (Sodiam).
In 2024, Angola "recovered" just over 14 million carats, that is, approximately 96 percent of the target set out in the National Development Plan (2023-2027), for that year, estimated at 14.6 million carats, said this Friday the Secretary of State for Mineral Resources, Jânio Correia Vítor.
The volatility of international markets, "associated with the slowdown in the world economy", contributed to the reduction in prices due to the weak demand for natural diamonds and the increase in the production of synthetic diamonds, resulting in an increase in diamond stocks on the markets, explained Jânio Correia Vítor.
The minister was speaking this Friday in Luanda, during a ceremony to present the achievements in the diamond subsector in Angola in 2024 and the projections for 2025.
According to Sodiam, as a consequence of the reduction in the average price of diamonds, gross revenue recorded a decrease in absolute terms of 45.2 million dollars when compared to the year 2023.
The public company reports that the country collected 1.48 billion dollars from diamond exports in 2024, a drop of 2.95 percent compared to the 1.53 billion dollars collected in 2023.
And the National Diamond Company of Angola (Endiama) reported, at the time, that for the first half of 2025 the production of 7.4 million carats of diamonds is expected, 6.4 million carats to be recovered from primary deposits and 907 thousand carats to be recovered in secondary deposits.
Endiama invested 217 million dollars in 2024, recording a 43 percent decrease in investments made in relation to its plan and the execution of 57 percent of investments, according to data presented at the ceremony.
The United Arab Emirates (78 percent), Belgium (19.8 percent) and Hong Kong (1.8 percent) were the main destinations for Angolan diamonds in 2024.
