China Demand to Support Angola Diamond Sales, Endiama Says
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China’s increasing demand for diamonds is expected to support Angolan diamond exports and prices in 2012, said Antonio Jose Freitas, a spokesman for state-owned diamond company Endiama EP.
“Amid uncertainty in Europe and the U.S., we expect China to continue to support Angolan diamond sales,” Freitas said in a phone interview today from the capital, Luanda. Angola is also “stocking up” on diamonds to support prices, he said.