ANGOLA’S JUNE DIAMOND PRODUCTION AT 761,000 CARATS, WORTH 80.5 MILLION USD

Angola’s diamond production in June this year is estimated at 760,939 carats, worth 80.5 million US dollars, at an average price of 105 USD per carat, according to the Sociedade Mineira de Catoca, the diamond mining syndicate which is 32.8 per cent owned by Endiama, the State mining company of Angola.

Compared with the May output of 743,961,41 carats, the figure represented a rise of 2.28 per cent, while its value showed a 5.35 per cent increase over the value of 76.4 million USD, at an average price of 102 USD per carat in May.

Sociedade Mineira de Catoca said in a statement here Wednesday that the rise in output in June came at a time when there was the participation of two operators in the purchase of diamonds.

As to the value of the sales, there has been an increase caused by the quality of the diamonds from the various projects, namely Lulo, Somiluana, CamutuA� and Luo.

In relation to June 2015, when production was more than 748,185 carats, worth 92.9 million USD at an average rate of 124 USD per carat, there has been a rise in volume of 1.7 per cent and drop in sales of 13.36 per cent.

The rise in volume was the result of an 0.82 per cent increase in production at the Catoca operations, which accounted for 82 per cent of total volume and 56 per cent in value.

Source: NAM NEWS NETWORK

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