Angola to Focus on New Diamond Finds as Prices Rise, Angop Says

Endiama EP, Angola’s state-owned diamond company, will focus on finding new diamond deposits following a surge in gem prices that has spurred foreign investor interest in the industry, Angop said, citing Chairman Antonio Carlos Sumbula.

The country plans to lower production when prices drop, the state-run news agency cited Sumbula as saying.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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