India is cutting and polishing 95% of diamonds produced in Angola, according to local media reports citing the mines ministry of the southern African country.
RNA quoted a statement from the mineral resources ministry as saying that India offers highly skilled diamond cutters and polishers as well as cheap labour.
Angola produced about 8 million carats in 2020 down from 9.4 million carats in 2019 due to the global COVID-19 pandemic.
The country produced 6.5 million carats of rough diamonds in the first 10 months of 2021.
It had a target of producing 9.1 million carats last year.
Mathew Nyaungwa, Editor in Chief of the African Bureau, in Zimbabwe, Rough&Polished
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