December 14, 2017

Liberia has exported diamonds worth US$62 million so far

LEITI officials

Since 2012, Liberia has exported 37,366 carats of rough diamonds worth over US$ 62m. This is according to a report by the Liberia Extractive Industries Transparency Initiative (LEITI).

The report breaks the records down and points out that in 2008, a total of 47,007 carats of rough diamond exported from Liberia was valued at US$ 10m, followed by 2009 with 27,732 carats also valued at US$ 10m. In 2010, 22,762 carats valued at US$ 16m were exported while in 2011 39,865 carats of unpolished diamonds were also exported at the value of US$ 16m. All of these were summed up in the 2012 report and equaled to US$ 62m exports of diamonds.

The report also indicated that the total amount received by nine agencies of the Government of Liberia from the oil, mining, forestry and agriculture sectors for the period July 1 2011 to June 30 2012 amounted US$110m, while payment data supplied by eighty companies amounted to US$100.8m.

The report was launched on 30th June, 2014

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