The Chairman of the Board of Directors of Endiama, Angola’s national diamond company, has expressed concerns over the challenging year expected for the country’s diamond industry in 2023.
The primary reason is the closure of the Indian market, which traditionally receives over 90% of Angola’s diamond production. This market closure is anticipated to last until December.
José Ganga Júnior, the Chairman, acknowledged the difficulties faced by the diamond sector in Angola, stating that companies are still producing but encountering significant challenges in selling their diamonds.
He emphasized the need for resilience in these challenging times and noted that the results for the year are expected to be less favorable.
José Ganga Júnior made these comments during a workshop organized by Endiama and the National Space Program Management Office (GGPEN), which aimed to explore the use of Angosat-2 satellite communication services and TECH-Minas space applications for the benefit of the national mining sector.
