Angola is Africa’s third largest diamond producer by quantity and value, said the executive secretary of the African Diamond Producers Association (ADPA), Edgar Diogo de Carvalho.
With production of 8 million carats, Angola sits behind Botswana, the largest producer with around 38 million carats, and the Democratic Republic of Congo, with 30 million carats.
However, in terms of Value, although it remains in third place, Angola is behind Botswana and South Africa.
According to weekly newspaper Expansão, Carvalho said that the apparent contradiction was due to the fact that diamonds from the Democratic Republic of Congo provided lower income than those from Angola.
In comparative terms, Carvalho said, “Angola takes in US$1 billion from 8 million carats, whilst the DRC, with production of 30 million carats, earns around US$960 million, which is US$40 million less than Angola.”
The executive secretary of ADPA noted that the business in Angola also involved selling diamonds in jewellery, which adds greater value to the product. (macauhub)