By: Further Africa

Botswana’s diamond industry is a cornerstone of its economy, with production reaching nearly 24.5 million carats in 2022. (Statista) The country’s strategic partnerships and effective resource management have solidified its position as a leading diamond producer. Angola, with a production volume of over 9.7 million carats in 2023, (Statista) has been enhancing its mining sector through reforms and investments, aiming to increase output and attract foreign investment.

South Africa, renowned for its rich mining history, produced 5.9 million carats in 2023. (Statista) Despite facing challenges such as regulatory changes and infrastructure issues, the country remains a key player in the diamond market. Efforts to modernise the industry and improve operational efficiencies are ongoing to maintain its competitive edge.

The combined diamond production of these three nations not only contributes significantly to their respective economies but also influences global diamond supply and pricing.

Their continued investment in mining technologies and sustainable practices is essential for maintaining their positions in the global market and supporting the economic development of the African continent.