India Interested in Small Angolan Diamonds

Cape Town: A group of Indian business men are interested in Angola’s small diamonds, an official from the state diamond mining company Endiama has said.

Angop news agency quoted Endiama chief executive Carlos Sumbula as saying that he met with the group during the just ended 2015 Mining Indaba in Cape Town.

“The Indians are interested in small diamonds and we will maintain partnerships with investors to optimize the entire diamond business and raise more revenue from minerals,” he said.

No further details of the talks were provided. Angola produced 8.75 million carats of diamonds last year realising about 1.3 billion in revenue.