Tuesday, 28th March 2023

Angola is planning to produce 12 million carats of rough diamonds worth $2.1 billion in 2023, according to the state-owned diamond company, Endiama.

Data from the diamond company seen by Rough & Polished at the Mining Indaba in Cape Town shows that the country produced about 8,8 million carats last year worth $1.96 billion.

Endiama said it is also expecting production in the country to increase to about 14.5 million carats and a gross income of $2.49 billion in 2024.

The company said it is also this year planning an evolution of the semi-industrial production cooperatives into industrial exploitation companies as well as increase its participation in the diamond value chain through the stimulation of cutting and jewellery.

Meanwhile, the state-owned firm said it will intensify the execution of prospecting works in the Luachimba, Xamacanda and Sangamina projects

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