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Raw Materials

Angola raised 21.7 million dollars with auction of 1,206.91 carats of diamonds

Angola's National Diamond Trading Company (Sodiam) raised 21.7 million dollars from the auction of 1,206.91 carats of special stones, the public company said.


A note from Sodiam, to which the Lusa agency had access, states that the special rough diamond stones from Sociedades Mineiras de Catoca, Chitotolo, Kaipexa, Lulo, Luminas, Lunhinga, Uari and Cooperativa Moquita were sold at auction on Friday.

Sodiam stressed that the amount collected took place in an environment where the current market situation is characterized by high stocks of polished diamonds and a lack of liquidity.

The sixth rough diamond auction in Luanda, whose evaluation sessions took place between the 8th and 18th of this month, at Sodiam's premises, included the presentation of proposals, submitted electronically until 10:00 am on Friday on the company's website.


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