Angola's state-owned diamond firm, Endiama accrued revenue of $1.16-billion from 8.32 million carats sold in 2011 up from $987-million realised the previous year, a local news agency reports.
Angop quoted company chairperson Carlos António Sumbula as saying that the average price recorded also increased during the period under review to $139.6 a carat from $118 in 2010.
Meanwhile, Endiama said that it had last year managed to re-launch prospecting activities and some mines that were lying idle as a result of the global economic downturn that hit the industry between late 2008 and 2009.
The diamond company said it would this year focus its investments on the discovery of new deposits.
Endiama controlled all diamond concessions in Angola, which was the world's fifth largest diamond producer.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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