Angola Diamond Production Expected to Increase in 2016
January 20, 16
(IDEX Online News) – Angola is forecast to produce 8.96 million carats in 2016, according to the Ministry of Geology and Mining, reported Allafrica.com.
The annual industrial production target is 8.1 million carats, while artisanal production is expected to be approximately 860,000 carats. The country produced 8.837 million carats in 2015.
In December, Angola produced and sold 880,100 carats, valued at $104.7 million – an average price of $118 per carat. The ministry also released November 2015 figures showing that the country produced 796,700 carats with a value of $99.29 million or $124 per carat.