Angola’s Diamond Industry On The Mend As Gem Prices Recover

Angola’s diamond industry is on the mend, as prices of gems begin to rise gradually, following a battering of the mining sector brought about by the global economic downturn.

Like other diamond producing nations, Angola which is endowed with both extensive alluvial diamond deposits and hundreds of kimberlite formations, suffered greatly when the global financial recession wreaked havoc on demand and prices of gems, forcing it to take a nose-dive. More…………

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