This file photo shows a jewelry worker polishes a diamond at the 1st Mining Exposition of Angola in Luanda, capital of Angola, April 27, 2006. (Xinhua/Fu Xiancheng)
Angola estimates to produce 10.5 million carats of diamonds in 2022 with a revenue of 1.4 billion U.S. dollars, the country's National Diamond Company (Endiama) has announced.
LUANDA, Jan. 18 (Xinhua) -- Angola estimates to produce 10.5 million carats of diamonds in 2022 with a revenue of 1.4 billion U.S. dollars, the country's National Diamond Company (Endiama) announced here Monday.
The information was provided by Jose Ganga Junior, Endiama's CEO, while making to the press an assessment of the company's activities in 2021 and the projections for 2022.
The official was speaking on the occasion of the celebrations of the company's 41 years' anniversary, marked on January 15.
According to the Jose Ganga Junior, Endiama initially expected to produce 13.8 million carats of diamonds in 2022 with a revenue of around 1.9 billion U.S. dollars, but due to the "current context and market prices" the company "corrected" the initial projections.
"The information we have today, in terms of diamonds, points to a certain contraction in terms of prices, which is why we prefer to be a little conservative, but if we manage to obtain substantially higher prices, we will all applaud", explained Jose Ganga Junior.
