Angola: Diamond Sector With Additional Revenue of Usd 34.7 Million

Luanda — Angolan diamond sector generated USD 1.2 billion in 2019, representing 10 percent increase from additional USD 34.7 million revenue compared to 2018, said the CEO of Diamond Firm Endiama.

1 / 1

Diamond with additional 34.7 million

Taking stock of the activity carried out by the company, Ganga Júnior, said that in 2019, the sector sold 9.1 million carats at an average price of USD 138.58/carat in industry production.

As for 2018, Ganga Júnior put the sales at USD 148.65/carat), adding that there was a decrease of 7 percent in the average price.

The total carats recovered in 2019 (Industrial and Semi-industrial) was of 9.1 million, as result of production by 12 mining companies.

Endiama has carried out operations at the Lunhinga and Uari mines.

The company's CEO also announced plans to build a vocational training centre in development park of Saurimo Agro-Industry as well as promoting diamond cutting houses.

See What Everyone is Watching

More From: ANGOP

Don't Miss

AllAfrica publishes around 600 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.