A new diamond cutting plant was inaugurated in Angola this week.
Angola diamonds. Credit: Furtherafrica.com
Angolan national diamond trading company Sodiam has partnered with a group of Angolan business people to develop a diamond cutting plant in Talatona in the Angolan capital of Luanda.
The facility of the company, Stone Polished Diamond (SPD), covers more than 400m² and was developed at a cost of USD5-million, 10% of which was injected by Sodiam.
SPD says in a statement that it will cut diamonds weighing between three and 10 carats and some special stones, and in the first year of operation is expected to process about 2 000 carats a month.
This new plant joins Angola Polishing Diamond, inaugurated in Luanda in 2015, with an annual capacity to process diamonds worth about USD240-million, in a partnership between Sodiam and LLD Diamonds. LLD Diamonds is owned by an Israeli group headed by Lev Leviev; LLD is the world’s largest diamond cutter.
In addition to the above projects, another diamond cutting and polishing plant is being installed in Saurimo in the Lunda Sul province, as part of Sodiam’s strategic plant for the 2018 to 2022 period.
Source: macauhub