Industry News by Nemesis

Angola Shipped 624k ct of Diamonds Last Month

December 1, 2015

Angola’s Geology and Mines ministry said the country exported 624,000 carats of diamonds last month worth $86.1 million.

 

Macauhub, citing figures released by the ministry, reports that an average price of $138 per carat was recorded.

 

This was a 16.9 percent drop when compared with the same period last year.

 

Angola exported 751,100 carats of diamonds in October 2014, which raked in $144.5 million in revenue.

 

An average price of $192 per carat was recorded at the time.

 

Meanwhile, Angola produced 800,000 carats in October this year.

 

Industrial diamond production during the month came from 10 of the country’s 12 operating

mines, with the Catoca mine, in Lunda Norte province, leading production with 576,776 carats.

 

Angola earned $1.274 billion from 8.6 million carats of diamonds sold last year.

 

Source: Rough & Polished

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