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Raw Materials

Angola raised 1.95 billion dollars from the sale of diamonds in 2022

Angola raised 1.95 billion dollars with the export of around 8.75 million carats of diamonds in 2022, the Ministry of Mineral Resources, Oil and Gas said this Friday.


According to the head of the Planning department of the Studies, Planning and Statistics Office of the Ministry of Mineral Resources, Oil and Gas, Alexandre Garret, of the total diamonds produced last year, 8.71 million carats came from industrial production and the remainder of the semi-industrial.

Alexandre Garret, who reviewed the achievements of production, marketing and export of diamonds in 2022, noted that the Catoca mine led production, with around 64.82 percent of the total production volume.

"Compared to 2021, there was an increase in the volume produced of approximately 0.37 percent", said Alexandre Garret in statements to Angolan public television.

Regarding the amount collected, an increase of 1.38 percent was also recorded, compared to 2021, with the United Arab Emirates, with 67.91 percent, Belgium with 21.25 percent and China with 10.82 percent the main destination countries for exports.

The official noted that last year, despite relative growth, the market experienced a shortage, due to the sanctions imposed on diamonds from Russia, which led to an increase in demand for this product on the international market and a rise in prices.


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