Guest guest Posted November 6, 2005 Report Share Posted November 6, 2005 Last Updated: Friday, 4 November 2005, 17:32 GMT Angolan gem challenge to De Beers Mr Leviev ® hopes his diamond polishing plant will create 600 jobs A diamond polishing plant has opened in Angolan capital Luanda, which should lead to more gems being cut in Africa. The plant will challenge the De Beers diamond monopoly, which sends stones to London, with most then going on to India for polishing. It has been developed by Israeli Lev Leviev, who has opened a similar plant in Namibia, and has plans for opening another plant in Botswana. The plant will cut and polish $20m (£11.4m) of Angolan rough gems monthly. 'Self help' The $10m factory was inaugurated by President Jose Eduardo dos Santos and employs about 600 workers. The plant has the capacity to process about $30m of diamonds every month which means roughly 40% of all rough diamonds mined in Angola could be polished at the new plant before being sold to the international market. Angola is the world's fifth-biggest diamond-producing country, but unemployment is rife, and Israeli diamond magnate Mr Leviev - born in Uzbekistan - said the plant was a chance to address the problem. http://news.bbc.co.uk/1/hi/business/4408222.stm Dear List Members, Dasha: Ju/Me/Sa/Ke/Ve. Best wishes, satva Jorge Angelino Rua da Sociedade Filarmónica Perpétua Azeitonense, 29 2925-598 Azeitão Portugal jorge.angelino tel: mobile: 210813674 963916784 Add me to your address book... Want a signature like this? -- Version: 7.1.362 / Virus Database: 267.12.8/162 - Release 05.11.2005 Quote Link to comment Share on other sites More sharing options...
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