De Beers Unveils Major Diamond Discovery in Angola

After 30 years of exploration, global diamond giant De Beers has confirmed the discovery of a new kimberlite field in Angola, sparking excitement across the industry. Kimberlite deposits are the primary source of natural diamonds, and such finds are increasingly rare in the modern era.

According to De Beers, the newly identified field shows strong geological indicators of high-quality diamond potential. The company is now moving into the next phase of development, which will include extensive drilling programs, advanced geophysical mapping, and detailed laboratory testing to determine both the grade and yield of the deposits.

Industry experts say the discovery could significantly boost Angola’s position in the global diamond market, attracting new investment and infrastructure development. For De Beers, this marks a strategic win as natural diamond supply faces mounting pressure from declining reserves and competition from lab-grown stones.

If proven commercially viable, the project could become one of the most important diamond mining ventures in Africa in the coming decade, reinforcing De Beers’ leadership in the sector and potentially shifting global supply dynamics.