KINSHASA, Democratic Republic of Congo — The Democratic Republic of Congo (DRC) is poised to transform its diamond industry through a strategic partnership with Switzerland-based ADEX Platform. This collaboration, set to establish a diamond cutting and jewellery manufacturing facility within the DRC, marks a significant shift from the country’s traditional role as an exporter of rough diamonds.
The DRC, Africa’s second-largest diamond producer, has long sought to enhance the value chain of its diamond sector.
The state — owned Mining Fund for Future Generations (FOMIN) and ADEX Platform have signed an agreement to create a joint venture, ADEX RDC S. A. With each party holding a 50% stake.
This venture is part of the Congolese government’s broader effort to reform its mining sector and ensure the country benefits more from its abundant natural resources.
The establishment of a digital marketplace is also planned, designed to connect Congolese diamonds directly with global buyers, thereby reducing the number of intermediaries in the supply chain.
The agreement, which aligns with the DRC’s mining strategy, aims to curb smuggling, increase transparency, and raise the local value addition of the diamond sector. It represents a strategic move from exporting raw materials to developing downstream industries capable of generating jobs, technology transfer, and higher export earnings.
The success of this initiative will depend on several factors, including the effectiveness of the digital marketplace and the ability to attract local and international buyers.
As the DRC moves forward with this ambitious plan, the outcome could set a precedent for other African countries looking to diversify their economies and increase the value they derive from their natural resources.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Africa.businessinsider
Source: Adekunle Agbetiloye
