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Africa

Angola: New Diamond Source Rekindles Hope and Questions, for Africa’s Mining Future

A new diamond-bearing kimberlite field has been discovered in northeastern Angola. The first major find…

08 Nov 20253 min readBy EandelSource: Eandel News & Magazine

A new diamond-bearing kimberlite field has been discovered in northeastern Angola. The first major find by the De Beers Group in three decades. The joint venture with Angola’s state diamond company – Endiama, struck kimberlite during its first drill test in July 2025, marking a milestone in Africa’s resurging exploration frontier.

The discovery, still in its early stages, could reshape Angola’s position in the global diamond market and stir ripple effects across business, politics and local life. An Angolan economic spark in an ever-upward-changing industry.

De Beers’ new finding arrives at a pivotal time. Parent company – Anglo American, is refocusing on base metals and may divest De Beers. A fresh discovery in Africa, where the brand’s legacy began, could raise the miner’s profile and value just as the diamond industry faces slowing demand and competition from lab-grown stones.

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