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ENDIAMA Gets Over USD 500 Million in Five Months


Luanda, 06/12 – The National Diamonds Company of Angola (ENDIAMA E.P) obtained, from January to May 2008, USD 525 million, corresponding to trade of 3.350,000 carats of diamonds.

Speaking to ANGOP this Thrusday, here, on the sidelines of the an informal meeting that ENDIAMA granted to national journalists, its commercial director, Hélder da Silva Milagre said that from the 3.350,000 carats sold, about 2.980,000 were produced from the formal sector and 69,000 carats from the artisan sector.

He explained that the total value collected (USD 525 million), about 411 million were from formal production sources and the remainder, approximately 114 million from the informal market.

A source from ANGOP said that with these amounts, ENDIAMA continues in the fifth place of the world diamond producers, concerning the collection of monetary values, and that the country from jump from the fifth to the fourth position in the world standings.

It added that according to the current production, Angola will surpass, in 2008, ten million carats, achieving an average profit above USD 1.4 billion for the State`s coiffeurs, compared to the 9.7 million carats and USD 1.3 billion dollars produced last year.