Angola sells 8.40 million carats of diamonds in 2018

13 February 2019

Angola’s national diamond trading company, Sodiam sold 8.4 million carats of diamonds in 2018, which accounted for revenue of US$1.22 billion, a company executive said on Tuesday in Luanda.

Fernando Amaral, director of finance and the artisanal market, also said that compared with 2017 there was a 10.0% drop in the number of carats traded and an increase in revenue of 11.0%.

The director added that production in the fourth quarter of 2018 totalled 2.50 million carats, 2.0% more than in the same period of 2017, with 89.1% originating from kimberlites, according to the Angop news agency.

The average price per carat achieved in the last three months of the year was US$151.92, an increase of 26.0% over the same period of 2017. (macauhub)