Angola’s diamond cutting company has capacity to process gems worth US$20 million per month

9 November 2011

Luanda, Angola, 9 Nov – Angolan state diamond cutting company Angola Polishing Diamonds (APD) has a diamond processing capacity of US$20 million per month, the company’s managing director, Miguel Bondo Júnior said Tuesday in Luanda.

During a visit by military attachés from some embassies in Angola he said that the company was currently processing diamonds worth just US$4 million per month and noted that its staff totalled 400 people, of which 50 are foreigners.

The foreigners working at the company are from China, Russia and Israel and are focused on manual polishing, marking, assessing the cut diamonds and in controlling merchandise as well as training the Angolan staff.

Bondo Júnior said that the cut diamonds were mainly exported to Israel and some were sold in the domestic market for making jewellery.

Angola Polishing Diamonds was inaugurated on 3 November, 2005 and represented an initial investment of around US$10 million. (macauhub)