Industry News by Nemesis

Angola’s SODIAM Diamond Firm Second-Largest Exporter

August 22, 2016

State-owned diamond company Sodiam, which markets Angolan diamonds, is the African state's second-biggest exporter and is the only non-oil firm on Angola’s list of the top 10 exporters in the first quarter of 2016. The biggest exporter is state oil company Sonangol, the country’s Finance Ministry said.

 

Sodiam exported diamonds with a value of around $190 million in the first quarter.

 

Angola exported $1.3 billion of rough diamonds in 2015, according to Kimberley Process figures.

 

According to figures released by the Organization of Petroleum Exporting Countries (OPEC) last week, Angola is Africa’s largest oil producer.

 

Source: The Diamond Loupe

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