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Angola sold diamonds at more than 250 dollars per carat in the first quarter of the year

Data from the first quarter of this year indicate that Angola exported 1,914,000 carats of diamonds, sold at prices of 250.2 dollars per carat. In the same period of the previous year, sales did not exceed US$ 191.8 per carat.

: Reuters

According to analysts, this rise in price per carat is a sign of the recovery of the world market, recovering after the instability felt since 2010, as a result of the covid-19 pandemic.

It is recalled that in 2020 the price per carat in the first quarter of the year dropped to 125.9 dollars, reaching 110.2 dollars in the second quarter.

According to the national map of exports by category, quoted by Angop and available on the official website of the National Bank of Angola, a value of 479.1 million dollars was collected from the volume of diamonds exported in the first quarter of the year. In comparison with the same period of the previous year, there was an increase in the revenues collected, which had previously allowed for a cash inflow of 286.3 million dollars.

In comparison with this period, 1,914,000 carats of diamonds were exported, compared to the previous 1,493,000. The sale was made at a price of 250 dollars, instead of 191.8 dollars per carat.

Analyzing the entire year of 2021, Angola cashed in 1,549 million dollars, with exports of 8,716,000 carats at a price of 177.8 dollars per carat.

Angola estimates it will produce, by December 2022, around 10.5 million carats, estimated at 1.4 billion dollars. These forecasts were released to the press in January of this year by the present executive of Endiama, José Ganga Júnior.


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