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Angola to begin construction of diamond hub in November


Starting in November, Angola will build a Diamond Development Complex in the Angolan province of Lunda-Sul. The project was approved by the President's order and includes four diamond cutting factories and an industrial cluster of companies related to the mining economy. The total development budget of the project is US$77 million, which is mainly used to strengthen the diamond chain, especially in the [East Angola] region which is responsible for the annual production of rough diamonds accounting for about 90% of the country's total.

Source:Source: Rough & polished

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