Angola Diamond Sales Increase 11.7% in Q3

By IDEX Online Staff Reporter / November 07, 2019 / www.idexonline.com / Article Link

Angola Diamond Sales Increase 11.7% in Q3

(IDEX Online) - Angolan diamond sales increased 11.7 percent in the third quarter of 2019. Revenues reached $294.85 million compared to 2018, an increase of $30.7 million, reported Macauhub. 

Sodiam, the Angolan national diamond trading company, said the country sold 

2.94 million carats of diamonds during the quarter, an increase of 46 percent or 722,800 carats year-over-year. 

Angola has diamond reserves estimated at 180 million carats. According to Kimberley Process figures, in 2018, Angola's total rough production was 8.4 million carats with a value of $1.2 billion.

The country has plans to establish a diamond bourse in the capital, Luanda.

Recent News

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com

West Africa-focussed Robex and PDI to merge

October 13, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market gains

October 06, 2025 / www.canadianminingreport.com

Most major producers rise but TSXV gold mixed

October 06, 2025 / www.canadianminingreport.com

Platinum, palladium, copper gain on green China, supply constraints

September 29, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok