Angola’s state-owned diamond miner Endiama plans to increase production to 17 million carats by 2027 after hitting a record high in 2024.
The milestone has positioned Angola as the world’s third-largest producer of rough diamonds by volume.
The government is also considering acquiring a minority stake in De Beers to deepen its influence in the global diamond market.
Together, the moves signal Angola’s growing ambition to turn diamonds into a strategic economic lever.
According to a government publication circulated at the 2025 Africa Mining Indaba in Cape Town, Endiama produced 14 million carats of rough diamonds in 2024, the highest output in its history.
The milestone lifted Angola to the position of the world’s third-largest producer by volume, behind only Russia and Botswana.
An Endiama spokesperson said the company aims to further increase output, targeting 17 million carats over the next three years, up from 14 million.
The strategy reflects Angola’s broader push to maximise the value of its mineral wealth and attract long-term investment into the sector.
The expansion drive comes as the Angolan government signals interest in gaining a stronger foothold in the global diamond value chain.
Paulo Tanganha, Angola’s national director of mineral resources, disclosed that the state is exploring the acquisition of a 20 percent to 30 percent stake in De Beers, the iconic diamond business owned by Anglo American.
The potential stake would be jointly held by Endiama and Angola’s national diamond trading company, Sodiam, a move that could deepen the country’s influence in the international diamond market.
For Africa’s second-largest oil producer, diamonds remain a critical pillar of economic diversification. Endiama’s rising output and Angola’s possible entry into De Beers underscore a renewed determination to turn mineral resources into sustained economic leverage on the global stage.
