Angolan Diamond Production At 8.55 Million

Published on 30/03/11

Angola produced 8.55 million carats of diamonds last year, Endiama EP, the country’s state-run gem company, said.

Preliminary estimates show that Angola earned $956 million from the sale of gems at an average price of $111.74 per carat, the Luanda-based company said in an e-mailed statement today.

The southern African nation was the world’s fourth-largest diamond producer by value in 2009, according to the Kimberley Process, the global body that monitors sales of so-called conflict diamonds. Endiama holds stakes in all diamond mines in Angola.