One century of Angolan diamonds – a report

One century of Angolan diamonds

After many months of hard work, the report was released.

The report organizes information about the Angolan diamond industry (the deposits, the mines and prospects, the global market, regulatory and economical settings and the key institutions). This information was previously either disperse, unpublished or only available in Portuguese language sources.

” Angolan diamonds have been known for 100 years. These diamonds are famed for their high quality and high value and have attracted expert buyers from all over the world, from the giant De Beers (the exclusive buyer for many decades) to the smaller scale traders. The country is endowed in both kimberlites and alluvial diamond deposits; many of those deposits still await development. Probably many more deposits still need to be explored and discovered in a territory with a huge potential for diamond.

There is still a road to walk but the last ten years have seen an increasingly stable and growing economy in Angola, with successive elections being certified as free and fair by international organizations and a growing diversified media sector. The business environment has improved and a new mining code has been approved. Transport infrastructure is also being either rebuilt or erected from scratch.

Angola is a land of many opportunities for diamond investors. It has a special business environment and specific risks and challenges; we will guide you through them in this report. We will also discuss the current situation of the international diamond markets and its future trends and the impacts they may have on the Angolan industry. In the end, we hope this report will help you establish a successful venture in this land of promise.

The report has been authored by Luís Chambel, with major contributions by Luís Caetano and Manuel Reis. It is a joint effort by Sínese and eaglestone.

This report will be regularly updated, with major revisions expected annually.

This the is first of several reports on southern Africa the mineral industries.

Published by

Luís Chambel

Exploration & Research Mining Engineer, MSc Engineering Geology, MBA, PhD European Engineer -EUR ING; Euro Geologist - EURO GEOL

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