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ANGOLA

Mining minister unveils plans for Angolan diamond exchange in 2021

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“Lourenço's Herculean struggles to reform the diamonds sector”

ANGOLA

Lourenço's Herculean struggles to reform the diamonds sector

Angolan president João Lourenço has made reform of diamond mining one of the key objectives of his mandate, as he tries to end the decades-long hold of the dos Santos clan over the sector. He is betting on the deregulation of diamond sales and the development of diamond-related activities in Angola itself to attract investors and increase state revenues. So far, his efforts have produced little in the way of results.

Angola's mining and oil minister Diamantino Azevedo. © FLORIAN WIESER/EPA/Newscom/MaxPPP

With the help of Belgian expert Peter Meeus, the Angolan government has identified three key steps it needs to take before opening a diamond exchange in Luanda by the end of next year. [...] (301 words)

Issue dated 04/11/2020 Reading time 2 minutes

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Mining

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ANGOLA
Antwerp World Diamond Centre
Covid-19
Diamantino Azevedo
Dubai Diamond Exchange
João Lourenço
Peter Meeus
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ANGOLA UNITED ARAB EMIRATES Mining 11/12/2020

Dubai vies to keep grip on Angolan diamonds

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Ezi Rapaport plays African matchmaker for Dubai agri investors

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Diamond-producing states keen to grasp impact of Israel-UAE deal

Angola and other diamond-rich countries in Africa eagerly attended an online conference jointly conducted by the diamond exchanges in Dubai and Tel Aviv to explain the ramifications of the US-brokered deal Israel and the UAE struck in September to normalise their relations.

Screenshot of the webinar 'UAE & Israel Partnership: changing the diamond and jewelery dynamics'.

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Consultant Peter Meeus set to help Lourenço with diamond mining reform

As it proceeds with a wide-ranging reform of the Angolan mining sector, in which diamonds are the main component, President João Lourenço's government is thought to be negotiating with precious stones expert Peter Meeus to get him to help it fine-tune its strategy.

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CENTRAL AFRICAN REPUBLIC Mining 28/05/2020

Mines ministry to set up diamond mining police force to get export embargo lifted

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Mining minister unveils plans for Angolan diamond exchange in 2021