Industry News by Nemesis

Angola's Diamond Reserves Estimated At 1 Billion Carats

July 4, 2017

Angola has diamond reserves of one billion carats, according to geological research carried out over the last five years by ALROSA, a local news agency reported.

 

A total of 950 million carats has been found, according to Victor Ustinov of ALROSA, responsible for scientific studies and geological exploration, and it is estimated those reserves could rise to 1.5 billion carats if the research is continued.

 

The study carried out by Angolan and Russian geologists divided the country into four areas of differing levels of diamond reserves, the Prensa Latina agency reported.

 

Angola produced nine million carats of rough diamonds last year, of which seven million carats were from the Catoca mine.

 

Source: Idex

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