Angola eyes becoming world’s third-largest diamond producer

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Gemstone nugget. Clear rough diamond. Getty
File photo: A man washing diamonds in a mine in Africa. Getty

Angola is tapping into its potential and aspiring to become the third-largest diamond producer and cutter in the world, the CEO of its national diamond company Endiama said on Monday.

“We have been working with major diamond companies around the world to add more value to the sector,” Jose Manuel Ganga Junior told the media while reviewing the company’s performance in 2019.

Rough cut diamonds. Getty

Semi-industrial diamond exploration will be discarded and full industrial operations will be installed to improve competitiveness, transparency and efficiency, said, Ganga.

He hoped that relevant measures will help create more jobs and cut down on imports while increasing exports.

Angola is the world’s fourth-largest rough diamond producer trailing after Russia, Botswana and Canada, according to Geology.com.

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