Angola's natural diamond gemstones production reached 8.21 million carats in 2023, continuing a year-on-year increase of 0.79%. Historical data shows fluctuations, with notable declines in 2018 and 2020 (-10.84% and -16.28% respectively), followed by a strong recovery in 2021 (21.49%). The last five years, from 2019 to 2023, marked an average annual increase (CAGR) of 1.63%. Forecasts predict steady growth from 2024, projecting 8.55 million carats by 2028, with a five-year CAGR of 0.64% and a total growth rate of 3.22%.
Future trends to watch for include potential market influences such as changes in global demand, advancements in mining technology, and fluctuations in commodity prices which could impact production stability and growth trajectories in Angola's diamond sector.
