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The Diamond Times | Sierra Leone's Leading Diamond Mine Shuts Down — Global Supply Faces Pressure

Koidu Limited, the largest diamond mining company in Sierra Leone, has officially halted its operations, resulting in the loss of more than 1,000 jobs. The shutdown comes after a series of unresolved labor disputes related to wages and working conditions, which escalated over recent months. As one of the key players in Sierra Leone's mining sector, Koidu Limited has been a significant contributor to the country's diamond exports, with an estimated annual export value of $100 million.

This sudden halt is expected to further strain the global natural diamond supply chain, especially at a time when the industry is already navigating challenges such as declining polished exports, increased competition from lab-grown diamonds, and shifting consumer preferences. The closure has also raised concerns about the socio-economic impact on local communities that heavily depend on the mining sector for employment and infrastructure support. Global traders and manufacturers may experience ripple effects in sourcing, pricing, and supply timelines as the market adjusts to this development.

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