Angola's diamond cutting industry to process 20% of precious stone

  • Minister of Mineral Resources, Oil and Gas, Diamantino de Azevedo
Dundo – Angola wants to process 20% of the diamond production, minister of Mineral Resources, Oil and Gas, Diamantino de Azevedo, has announced.

The minister announced plans to expand cutting factories in the areas of exploration of the strategic mineral.

He said that 99.5 percent of rough diamonds in Angola is exported,  thus attracting less profit.

Speaking during a meeting with mining operators in Dundo, eastern Lunda Norte province, the minister announced the intention to achieve this goal of processing the necessary quantity of diamond in the medium and long terms.

In the last four years, three polishing factories have been installed, properly in Luanda.

The official also announced plans to inaugurate diamond development hub this year in Saurimo, Lunda Sul, with the capacity for 26 polishing factories, through private investments.

He also announced the construction, still this year, of a polishing factory in the municipality of Chitato, in Lunda Norte, through a private investment of 20 million US dollars.

The minister announced plans to expand cutting factories in the areas of exploration of the strategic mineral.

He said that 99.5 percent of rough diamonds in Angola is exported,  thus attracting less profit.

Speaking during a meeting with mining operators in Dundo, eastern Lunda Norte province, the minister announced the intention to achieve this goal of processing the necessary quantity of diamond in the medium and long terms.

In the last four years, three polishing factories have been installed, properly in Luanda.

The official also announced plans to inaugurate diamond development hub this year in Saurimo, Lunda Sul, with the capacity for 26 polishing factories, through private investments.

He also announced the construction, still this year, of a polishing factory in the municipality of Chitato, in Lunda Norte, through a private investment of 20 million US dollars.