National diamond production decreases 10% in August

     Economy           
  • Luanda     Wednesday, 29 September De 2021    07h40  
Diamonds from Angola
Diamonds from Angola
Pedro Parente

Luanda – The diamond exploitation and production in the country fell by 10% to one million carats in August, compared to the total registered in the previous month.

According to data from the General Tax Administration (AGT) that ANGOP had access to this Wednesday, the decrease is largely due to the pandemic that has strangled industrial activity and other sectors of activity.

 

With the drop in diamond production, revenues for the National Treasury were also affected, having registered only US $11.7 million, representing a drop of 29%, compared to July.

 

During the period under review, Angolan diamond gemstones were traded at an average price of US $332 per carat, with volume down 28% compared to the same period last year.

 

The document indicates that, although there was a drop, both in production and in revenues, the accumulated seven months of production in 2021 was accounted for at close to 6 million carats, thus contributing 42 billion Kwanzas, corresponding to 69.3 million dollars.





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