Diamond production in the first six months of
2016 was 359,080 carats valued at $101.9 million compared to 290,380 carats
valued at $60 million produced in the first six months of 2015.
Total Diamond exports were the highest in terms of value compared to the much talked about iron ore to determine the county’s Gross Domestic Products (GDP).
The major player in the diamond industry in Sierra Leone is Koidu Limited the subsidiary of Octea Mining Company. Some of the diamond exports also come from artisanal or small scale miners.
However of the $101.9million produced the government of Sierra Leone only gets 3% which is the tax paid on the sale of the diamonds.
Most of the large diamond deposits so far discovered are in the east and South of the country.
Total Diamond exports were the highest in terms of value compared to the much talked about iron ore to determine the county’s Gross Domestic Products (GDP).
The major player in the diamond industry in Sierra Leone is Koidu Limited the subsidiary of Octea Mining Company. Some of the diamond exports also come from artisanal or small scale miners.
However of the $101.9million produced the government of Sierra Leone only gets 3% which is the tax paid on the sale of the diamonds.
Most of the large diamond deposits so far discovered are in the east and South of the country.
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