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

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