Angola: Sodiam’s diamond exports total US$191 Million in Q1 2016

diamonds

Angola’s state-owned diamond trading company, Sodiam, exported diamonds worth 31.6 billion kwanzas ($191 million) in the first quarter of the year, according to data released by the country’s finance ministry and quoted by Rough & Polished.

Sodiam was the second biggest exporter in the country during the quarter under review.

Angola exported $1.3 billion of rough diamonds in 2015, according to Kimberley Process figures.

Meanwhile, the Angolan oil company Sonangol was the largest foreign currency earner in the country as it exported crude oil worth 125.9 billion kwanzas ($755 million) between January and March.

Source: The Israeli Diamond Industry