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Angola seeks to stimulate diamond, ornamental stone exports

Stone Garden

By:  
Creamer Media Senior Deputy Editor
 
Diamonds
The Angolan newspaper “Jornal de Angola” has reported that diamond mining companies operating in the country will, in future, be able to sell up to 60% of their production in the free market, under the country’s new Diamond Commercialisation Policy. Under the previous system, adopted in 2007, miners had to sell their diamonds to “preferred buyers” designated by the State-owned Empresa Nacional de Comercialização de Diamantes de Angola (National Diamond Commercialisation Company of Angola), better known by its acronym, Sodiam.
 
 
 
 
 

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