Angola’s diamond sector reported an increase in revenue of US$220.3M in the first quarter of this year, saying that the increase owed to the sale of 1.1 million carats.According to the diamond company, Endiama, there was an increase of 26.43 percent in contribution to the State Vault.Endiama attributed the increase to the sale of an average price of US$186.96 per carat, compared to the same period in 2020, when revenues from the sale of 1.2 million carats stood at an average price of US$133.84.In the first quarter of 2020, the sale totaled US$162.07M, with an increase of US$58.2M in the first quarter of this year, representing 26.43%.

Source: Further Africa