
The Secretary of State for Geology and Mines, Jânio Correia Victor was quoted by Macauhub as saying that Angola recorded an annual growth of 12.3% in diamond output and 6.2% in revenue.
He said the revenue growth was less expected as prices on international markets eased by more or less than 10%.
Victor said Angola produced 3 million carats in the fourth quarter of 2019, which were sold at an average price of US$136.40 per carat, providing revenue of $409.77 million.
He said Angola is projecting an output of 14 million carats in 2020.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished