Industry News by Nemesis

Angola Diamond Output Drops as Sales Grow in 2019

January 19, 2020

 

Angola produced 9.086 million carats in 2019 from industrial operations, a drop of 4.8% when compared to the previous year due to the closure of a diamond mine.


However, the annual output was 9.121 million carats with semi-industrial production, according to Endiama president Ganga Júnior.


He was quoted by Macauhub as saying that the semi-industrial diamond sector produced 35,856 carats of diamonds last year.


The industrial sector sold 9.114 million carats at an average price of $138.58 per carat compared to $168.45 per carat in 2018, which translates to a 7% drop in price.


Júnior said when combined, the industrial and semi-industrial diamond sectors, sold 9.149 million carats, in 2019.


The diamond sales reached $1.263 billion in 2019, an additional $34.7 million compared with the previous year’s earnings.

 

Source: Rough&Polished

Please reload

Follow Us...
Recent Posts
Please reload

Archive
Please reload

Search By Tags