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Angola: Diamond Industry Expects Poor Results in 2023

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Angola expects poor financial results in the diamond sector this year, because production is not being sold as it should be, the chairman of the Board of Directors of Endiama, José Ganga Júnior, said on Friday.

According to Ganga Júnior, India, which is the main market, which receives more than 90% of Angola's production, has closed the purchase of diamonds until December 15, 2023.

There are currently 16 companies operating in the Angolan market linked to diamond exploration and around 41 prospecting projects.

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