Africa-Press – Angola. The secretary of State for Mineral Resources, Jânio Victor, highlighted on Wednesday (21) in Saurimo, eastern province of Lunda-Sul, the Angolan government’s continued commitment to attracting more foreign investment to the mining sector, which has contributed to increased production.
As a result of this strategy, the diamond sector will register significant growth in the medium and long terms, after increasing from 9 to 15 million carats from 2024 to 2025.
In statements to the press, at the end of a visit by three vice-presidents of the Gemological Institute of America (GIA) to the province of Lunda-Sul, the official recalled that the forecast for this year is to reach 17 million carats, which will imply more jobs for young people and increased revenue for the country.
Regarding GIA’s presence in Lunda-Sul, it was considered to be of crutial importance to the country, as it is a world reference in defining standards and providing specialized training in gems and jewelry.
He acknowledged that Angola has a still nascent diamond cutting industry, which is taking steps in Lunda-Sul, with the launch, four years ago, of the Diamond Development Hub.
On the other hand, Jânio Victor said it is necessary to expand the diamond value chain, focusing on jewelry.
He recalled that Angola is currently the third largest diamond producer in the world, and is expected to become the world leader in the medium term, which is why the Executive is focused on mobilizing more investors in the areas of prospecting, cutting and jewelry production.
The delegation from the Gemological Institute of America, headed by the institution’s executive Deputy-Chair, Tom Moses, visited the Catoca mine, the Diamond Development Hub, in addition to the responsibility projects developed by companies in the sector.
For More News And Analysis About Angola Follow Africa-Press
