De Beers, in partnership with Angola’s national diamond company, Endiama, has announced the discovery of a new kimberlite field in Angola.
This marks the first such find for De Beers in more than 30 years and signals a potential boost for the country’s diamond industry.
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The find was made during the first drill into a high-priority cluster of targets, which had been identified from airborne surveys conducted in March 2025.
The joint venture’s exploration team successfully intersected kimberlite in July.
Over the coming months, it will undertake further drilling, ground geophysical surveys and laboratory analysis to determine the type of kimberlite and evaluate its potential for diamonds.
This exploration success builds upon the foundation laid by two mineral investment contracts signed by De Beers and the Angolan Government in April 2022, and a memorandum of understanding signed at Mining Indaba in February 2024.
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By GlobalDataDe Beers Group CEO Al Cook said: “Angola is, in our view, one of the best places on the planet to look for diamonds, and this discovery reinforces our confidence. It is a powerful reminder of what can be achieved through partnership, and I commend President Lourenco and his government for all the work they have done to enhance transparency, adopt international best practices and create a business friendly environment, all of which has enabled us to return to Angola and seek new sources of supply.
“We are excited about the role De Beers can play in helping the country deliver on its huge potential, both below and above the ground.”
In related news, the Government of Botswana has indicated its intention to acquire a controlling stake in De Beers.
This move could introduce new dynamics into the ongoing sale process of the diamond producer by its current owner, Anglo American.
