The US$250 million De Beers has already spent on prospecting will yield a diamond deposit, the company is confident that it will find a diamond deposit in Angola.
De Beers has already found diamonds at the Mulepe concession, in Lunda Norte province; De Beers has a 49 percent share, Endiama hasthe remaining 51 percent.
In 2001 after its right to sell diamonds worth US$800 million was revoked, The De Beers group left Angola but returned in 2005.
According to the Kimberley Process, Angola sold 8.33 million carats of diamonds worth US$1.16 billion in 2011.