Angolan diamond industry reports increased sales

The Angolan diamond industry reported an increase of 9.3% in sales from January to September, compared to the same period last year, executives reported on Monday.

Meanwhile, gross revenues rose 6.5% in the same period, according to the Ministry of Mineral Resources and Oil's (MIREMPET) national diamond market and trade promotion Director, Gaspar Sermao.

Sermao explained that sales in the first nine months of 2019 exceeded 6.4 million karats, at an average price per unit of 139.09 dollars, representing gross revenues of more than 897 million dollars.

The presentation of the report to national and international media took place at the MIREMPET headquarters, with the participation of State Secretary for Geology and Mines Janio da Rosa Correa Victor, and top executives from the main sector companies.

According to the source, sales in the third trimester of 2019 exceeded 2.284 million karats, 46% more than the same period in 2018.

Although sales rose substantially, the average price of a karat in the trimester was 137.42 dollars, representing a fall of 18.5% compared to the same previous period.

Gross revenues in the third trimester of 2019 totaled more than 294.8 billion dollars, an increase of 11.7%, the report noted.

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