Angola Projects 9M Carat Output This Year

Luanda: Angola expects to produce 8.9 million carats compared with 8.8 carats produced in 2015, according to a document from the Ministry of Geology and Mining cited by Of that figure, industrial production will account for 8.1 million carats, while artisanal output is forecast to be 860,424 carats. Meanwhile, Angola last month sold 880,115 carats for $104.7 million with an average price per carat of $118.

Angola produced a record 8,837,414 million carats of diamonds with a value of more than $1.1 billion last year. Although Angola’s diamond output was higher than the 8,750,892 carats mined in 2014, its revenue was lower than the $1.31 billion figure for 2014.