Angola sells 4.7 million carats of diamonds in the first half

28 July 2017

Angola sold 4.7 million carats of diamonds in the first six months of the year, which provided revenue of US$517 million with an average price per carat of around US$123, the Angolan Ministry of Finance said in a statement.

Sales in the first half of 2016 led to revenues of US$525 million, 1.5% less than a year earlier.

The Ministry of Finance also reported that tax revenues in the first half of the current year amounted to 7.566 billion kwanzas (US$45.3 million), namely in Industrial Tax and royalties paid by mining companies.

The sale of diamonds in 2016 earned Angola US$1.082 billion, about US$100 million less than in 2015, according to figures from the Angolan Ministry of Geology and Mines. (macauhub)

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