Diamond: Luanda stays loyal to Dubai

Angola did not respond warmly to the arguments put forward by a delegation of diamond industry leaders from Antwerp, who travelled to Luanda to pursuade João Lourenço to end Dubai's virtual monopoly over the country's diamond production....

FOLLOW OUR RUNNING STORY Lourenço's Herculean struggles to reform the diamonds sector ?  12/05/2021  _ _ Luanda shuns Antwerp's courtship of its diamonds and stays loyal to Dubai Angola did not respond warmly to the arguments put forward by a delegation of diamond industry leaders from Antwerp, who travelled to Luanda to pursuade João Lourenço to end Dubai's virtual monopoly over the country's diamond production.  [...] ? Get unlimited access to AFRICA INTELLIGENCE's exclusive news SUBSCRIBE ?  19/03/2021  _ _ Sovereign fund dream team, unloved by Lourenço, fights for survival The Fundo Soberano de Angola, a leftover from the dos Santos era, has lost its shine since João Lourenço came to power. The technocrats appointed in 2018 to run the fund have been forced to shrink their ambitions in the face of a drastic reduction of its portfolio and the government's patent lack of interest.  [...]  18/03/2021  _ _ Uber-rich Kothari clan hitches its wagon to Lourenço's diamond sector reforms The wealthy Indian Kothari family, which owns the KGK Group gemstone and jewellery company, is backing João Lourenço's shake-up of the diamond sector. By helping the president with his plan to make Angola more than a mere producer of stones, the Kotharis are counting on better access to the country's output.  [...]  02/02/2021  _ _ The deal is sealed: Endiama takes over tarnished Odebrecht stake in Catoca Diamond Mine The sale of Brazilian Odebrecht 8.2% stake in Sociedade Mineira do Catoca (SMC) to Endiama was finally concluded on 21 January for $70m.  [...]  16/12/2020  _ _ Angola looks to India to loosen Dubai's grip on its diamonds Angola is turning to India in its search for new markets for its diamonds. Which looks like a win-win situation for both countries, as many diamond dealers in Mumbai are keen to end Dubai's stranglehold on Angolan stones.  [...] SEE ALL ARTICLES OF THIS RUNNING STORY ?

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