ANGOLA : Angola's diamond production expected to total 10 million carats.
In 2009, revenues from diamond sales came down to US$804.15 million subsequent to revenue of US$1.211 billion in 2008 because of a drop in price per carat, which was US$87 in 2009, than the US$136 in 2008. In 2012 Angolan diamond production is anticipated to total 11 million carats, which will give revenues of US$1.375 billion at an average price of US$125 per carat and that in 2013 production will increase to 11.7 million carats and revenue of US$1.521 million, at US$130 per carat. In 2014 production is likely to continue to increase to 12.8 million carats, revenues of US$1.792 billion and an average price of US$140 per carat.
Angola is part of the Kimberley Process, which is an inter-governmental initiative of the international diamond industry supported by the United Nations. It was established in 2002 to certify the origin of diamonds to avoid the sale of blood diamonds from clash areas.
2011 Al Bawaba (Albawaba.com)
Provided by Syndigate.info an Albawaba.com company
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|Date:||May 28, 2011|
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