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  Under the IFRS Alrosa gains almost 11% net profit in the 1H    The net profit of Alrosa under the International Financial Reporting Standards (IFRS) gained almost 11% during the first six months of 2025 and totaled 40.6 bln rubles ($509.1 mln), the Russian diamond miner said in its report.    Revenues from sales plummeted 25% to 134.3 bln rubles ($1.7 bln). The pre-tax profit ticked up by 0.3% in the reporting period to 46 bln rubles ($576.8 mln). The raw diamonds estimate of the company contracted to 115.9 bln rubles ($1.45 bln) in money value. Total reserves of the company in value terms added 1.4% to 234.2 bln rubles ($2.93 bln). In the row, Alrosa said about Angolan Catoca project, Alrosa's share in the Catoca project was transferred to Taadeen company. Russia’s diamond producer Alrosa has received 15.9 billion rubles ($199 mln) for its stake in the Angolan Catoca project, according to a report by the Russian company.    "The considerati...

  The first drill hole into a high-priority cluster of targets    De Beers Group, together with Angola’s national diamond company, Endiama, announced a significant step forward in their joint exploration efforts with the discovery of kimberlite, the host rock for diamonds, in Angola.    In July 2025, the De Beers-Endiama joint venture [JV] successfully intersected kimberlite in its first drill hole into a high-priority cluster of targets, identified from the airborne surveys completed in March 2025. This breakthrough represents the discovery of the first new kimberlite field by De Beers Group in more than three decades.  Over the coming months, further drilling, ground geophysical surveys, and laboratory analysis will be conducted to confirm the kimberlite type and assess its diamond potential.  This latest milestone builds on the foundation of two Mineral Investment Contracts signed between De Beers and the Government of Angola in April 2022, ...

  The true measure of Angolan wealth is not in the number of carats extracted!   The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, revealed in Luanda that the African continent produces around 65 percent of the rough diamonds sold worldwide.    The minister, who was speaking during the Ministerial Round Table dedicated to the promotion and defense of natural diamonds, which took place under the motto “Natural Diamonds: Challenges and Opportunities”, stated that, through countries such as Angola, Botswana, South Africa, Namibia, DRC and Sierra Leone, Africa is the - beating heart; of the global diamond trade. Diamantino Azevedo said, however, that the true measure of Angolan wealth is not in the number of carats extracted, but in the value, it retains, the future it builds and the preservation of human dignity.  “In Angola, diamonds have contributed significantly to national reconstruction, financing schools, hospitals, roads and water s...

  Eye to produce 12 million carats in 2023   The National Diamond Company of Angola (Endiama EP) plans to increase its production to 12 million carats in 2023, surpassing last year's result, which recorded a figure of around nine million carats.   According to the Chairman of the Board of Directors of Endiama, Ganga Júnior, achieving this goal will essentially depend on improving the production structure of the mines in operation and launching new exploration projects.    Speaking to the press, on the sidelines of the working visit that the heads of the Institute for the Management of Assets and State Participations (IGAPE) carried out to the state-owned diamond company, the manager also pointed out the continuous transformation of the functioning of small cooperatives in industrial activities as another challenge for 2023.   In this regard, he added, the company has already registered success stories, whose semi-industrial activities in the field o...

  Diamond production reaches 5.3 million carat in 8 months   Angola produced from January to August this year, 5.3 million carats of diamonds, and until December the target is to reach the mark of 8.3 million carats, which is a drop down  of about 20% compared to the initial estimate, announced the president of Endiama, Ganga Júnior.   For this year, the National Diamond Company (Endiama) had a production target of 10.5 million carats and a turnover of 1.4 billion US dollars. The 20% drop is due to the readjustments in the exploration sector, in face of the Covid-19 pandemic. Ganga Júnior, last day was the main speaker at the virtual Conference on Diamonds in Angola, said that due to the readjustments, the forecast is to collect revenues of USD 1.1 billion by the end.  He said that depending on the current context, the sector has some stocks of diamonds, whose quantities have not been revealed.   "So far we have stocks of diamonds as a result of weak de...

Produced 9.4 million carats Eye to earn 2.1 billion by 2022 The Angolan diamonds sector produced last year a total of 9.4 million carats of diamonds, which enabled the yielding of USD1.2 billion and the increase of revenues in relation to the year 2017. Speaking at a press conference, the CEO of the state-owned National Diamonds Company (Endiama), Ganga Júnior, disclosed that in 2017 the sector collected USD 1.1 billion (at the average price of USD 113.5). In 2018, he continued, the industrial production of diamonds reached 9.2 million carats, representing an 8 per cent increase, while the semi-industrial and artisanal production of the precious stone reached 212,544 carats, a figure very bellow the 465,122 carats achieved in 2017. Angop has learnt that the increase in production was stimulated by the new governmental policy that enables diamonds exploration agents to sell up to 60 per cent of their production, thus putting an end to trading only with preferential ...