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Angola plans rough diamond sale revamp to draw investment
7:08 CAT | 03 Jul 2018
Small rough diamonds are sorted at Belgian diamond company Rosy Blue in Antwerp, Belgium February 2018. [Photo: Reuters]
Angola plans a new system for selling rough diamonds as part of President João Lourenço’s efforts to increase investment, production and government revenue, a draft decree shows.
Diamond producers say they have struggled to make money in Angola due to a marketing system that obliged them to sell at below international prices, leading them to largely shun one of the world’s most exciting prospects for the precious stones.
Source: Reuters
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