Angolan diamond sales below forecast - Plataforma Media

Angolan diamond sales below forecast

Endiama revised this year’s earnings from diamond sales down from $ 1.4 billion to $ 1.1 billion, compared to a 20 percent drop in production from January to August.

According to the president of the Board of Directors of Endiama, Ganga Júnior, in eight months, the country produced 5.3 million carats of diamonds. Until December, a production of 8.3 million carats is forecast, against the initial target of 10, 5 million carats.

Due to the current context, he said, the sector has some stocks of diamonds, as a result of weak demand. However, in recent times, the demand has resumed.

Ganga Júnior spoke yesterday on videoconference about diamonds, an initiative of the Ministry of Mineral Resources and Petroleum.

Read more in Jornal de Angola

This article is available in: Português

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