South Africa approves reform for diamonds
Diamonds continue to flow despite Ekati strike

Angola inaugurates first diamond polishing factory

Angola on Thursday inaugrated its first diamond polishing factory -- and Africa's largest -- with the backing of Israeli diamond magnate Lev Leviev, whose group last year opened a similar plant in Namibia.

Rising global diamond prices, limited supply and the end of Angola's 27-year-old civil war has sent exploration companies flocking to Angola, which is potentially seen as one of the world's biggest gem producers.

Southern African countries are working to establish cutting and polishing diamond factories within their borders to reap more benefits from what was once only a mining export industry.

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