African diamond-producing states seek greater influence on world prices

30 April 2007

Luanda, Angola, 30 April – The Association of African Diamond-Producing Countries (ADPA) wants to reverse the current situation whereby states producing around 75 percent of the world’s diamonds have no input on decisions to fix prices for the stones.

The ADPA, an Angolan initiative, has been holding meetings with diamond sector specialists over the weekend ahead of a ministerial meeting of the 19-state organization being held Monday in Luanda, officials said.

Luanda’s deputy mining minister, Mankenda Ambroise, said Africa needs more diamond processing factories, better technicians and more influence in the establishment of world prices for the precious stones.

The ADPA’s 12 active members are Angola, South Africa, Botswana, Ghana, Guinea, Namibia, the Central African Republic, Democratic Republic of Congo,
Sierra Leone, Tanzania, Togo and Zimbabwe. (macauhub)

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