Ver Angola

Raw Materials

Diamond exchange should start experimentally later this year

The Angolan diamond exchange process should begin this year on an experimental basis, announced the chairman of the board of directors of Endiama, a national diamond company.


According to José Ganga Júnior, the process is being conducted by the Ministry of Mineral Resources, Oil and Gas and "the parts are practically constituted".

"This process is being conducted by our ministry, the issue of the diamond bag, and we think that eventually this year it will start working on an experimental basis already. It's coming soon, the pieces are practically constituted and we think it will become very a reality soon," he said.

The start of this project has been postponed, after having started announced for 2022, according to the Ministry of Mineral Resources, Oil and Gas (MIREMPET). ​​​​​​​

The diamond exchange aims to provide a neutral platform that channels a regular flow of diamonds and will be managed by Endiama and the state-owned diamond trader Sodiam.


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