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Angola Sells $1 Billion in Diamonds in H1 2022

Angola’s Ministry of Finance has reported the sale of 4.3 million carats of diamonds in the first half of 2022 for $1 billion, according to IDEX Online.

 

In January, Angola sold 1.2 million carats worth $286 million ($4,080 per carat); in February, sales dropped to 40,446 carats for $38 million; in March, diamond sales totaled 600,000 carats at an average price of $450 for $2.2 million; in May it sold 988,000 and in June – 963,000 carats in June, for $220 million and $182 million, respectively.

 

In 2021, Angola produced 9.4 million carats worth $1.5 billion.

 

Lucapa rough diamonds Angola
Credit: Lucapa

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