ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Tue, 31 Jul 2018 17:30 - Updated Tue, 31 Jul 2018 19:13

Sodiam nets USD 316 million revenues in second quarter

Luanda - The national diamond trading company "Sodiam" raised gross revenues during the second quarter of this year, to USD 316,527 million, up 21 percent from the first quarter, according to its administrator, Fernando Amaral.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

Sales record increases

Photo: Pedro Parente

Of this amount, USD 295,39 million (93%) come from industrial activity, while USD 21,487 (6 percent) come from artisanal exploitation.

Speaking to the press, on the sidelines of the second "Outlook" meeting on diamond trading in the second quarter of 2018 and the market outlook for the third quarter, the manager explained that the diamonds traded in the period were essentially from the provinces of Lunda Sul (85 percent) and Lunda Norte (15 percent).

This commercialization is the result of the production of 2,315 million carats, of which more than 2,146 million carats (92 percent) come from industrial production and 169, 270 carats (7 percent) from artisanal production.

According to the official, more than 1,985 million, accounting for 85 percent of the volume were of kimberlitic origin and 330,49 carats (14.3%) of alluvial origin.

The total average price for the period was 136.69, and for industrial production the price was set at USD 137.45 and for artisanal production 126.94.

Tags Diamonds  

Read also
  • 01/02/2019 19:20:59

    Sodiam collects USD 16.7 million with 1st diamond auction

    Luanda (ANGOP) - At least 16.7 million US dollars were collected by Sodiam last Wednesday January 30 and Thursday January 31 of the first auction of seven rough diamonds of large carat of the Lulo project, based in eastern Lunda Norte province.

  • 28/01/2019 18:43:13

    40 companies registered in 1st rough diamond auction

    Luanda - At least 40 companies are registered to participate in Angola's first rough diamond auction, an initiative to strengthen commitment to innovation and transparency in the diamond industry, said Minister of Mineral Resources and Oil, Diamantino Azevedo.

  • 16/01/2019 09:17:49

    Diamond sector's revenues increase

    Luanda - The Angolan diamonds sector produced last year a total of 9.4 million carats of diamonds, which enabled the yielding of USD1.2 billion and the increase of revenues in relation to the year 2017.

  • 27/12/2018 18:54:36

    Angola to have industrial hub for diamonds cutting

    Luanda - A hub for diamond-cutting factories, a professional technical school and other diamond-related industries in the country, will be inaugurated in 2019 in Saurimo, eastern Lunda Sul province.