From January to May of this year, the country generated revenues of $288 million from the sale of 2.5 million carats of diamonds produced by the Catoca, Luele, and Lunhinga projects.
The data was disclosed by the president of the Board of Directors of the National Diamond Company (Endiama EP), Manuel Nganga Júnior, during a “brainstorming” session for the Mineral Resources, Oil, and Gas Sector held on Tuesday in the nation’s capital.
Manuel Nganga Júnior noted that the current market is experiencing low demand for diamonds due to geopolitical factors and the rise of synthetic diamonds.
Despite these challenges, he reaffirmed the goal of achieving a production target of approximately 14.6 million carats by December, with 88 percent of this output expected to come from the Catoca and Luele mines.
During the meeting, directors from public and private companies in the sector provided an in-depth analysis of the current situation to Diamantino Azevedo, the head of MIREMPET, who was accompanied by various secretaries of state.
