Angola is positioning itself for global gemstone supremacy as its state-owned diamond mining company, Endiama, announces an ambitious plan to raise diamond production to 17 million carats by 2027, following a record-breaking output in 2024.
The milestone achievement has already elevated Angola to the status of the world’s third-largest producer of rough diamonds by volume, marking a historic turning point for the country’s mining sector and its broader economic strategy.
Beyond production expansion, the Angolan government is reportedly considering the acquisition of a minority stake in De Beers, one of the world’s most powerful diamond conglomerates. If finalized, the move would give Angola not only economic leverage but also strategic influence within the global diamond value chain — from extraction and processing to pricing and distribution.
Analysts say this signals a clear shift in Angola’s resource policy: moving from being a raw-material exporter to becoming a strategic power broker in the global gemstone industry.
“Diamonds are no longer just a commodity for Angola — they are becoming a geopolitical and economic instrument,” a regional mining analyst told GhanaNews 24. “This strategy is about control, influence, and long-term economic positioning.”
The diamond sector is already a major contributor to Angola’s national revenue, but the new expansion strategy reflects a broader national vision — using natural resources to drive industrialization, foreign investment, infrastructure development, and economic diversification beyond oil.
By targeting record production levels and seeking equity influence in global industry leaders, Angola is redefining its role in the international resource economy — not as a supplier, but as a market shaper.
As global demand for precious stones continues to rise, Angola’s diamond ambition could reshape Africa’s position in the global gemstone trade, placing the country firmly on the path toward becoming Africa’s undisputed gemstone powerhouse.
For Africa, and for global markets, the message is clear:
Angola is no longer just mining diamonds — it is building power with them.
