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Sodiam announces rough diamond auction this month's 15th to 29th

Sodiam, the Angolan state-owned diamond trading company, is going to hold an auction of six special rough diamond stones, of which two are pink, estimated to be worth over 20 million dollars.

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According to a note from Sodiam – Angola's National Diamond Marketing Company sent this Friday to Lusa, the auction also includes several baskets of special stones from Sociedade Mineira do Catoca, the fourth largest open pit mine in the world and the largest company in the country's diamond subsector, responsible for extracting more than 75 percent of Angola's diamonds.

The schedule for viewing the parcels being auctioned runs from the 15th to the 29th of this month, at Sodiam's headquarters, in Luanda, with the biddings ending on November 30 at 11:00 am local time.

"Since the bids will be made exclusively 'online', through the platform, all unregistered companies wishing to participate in the auction are invited to do so through the 'link' www.sodiamsales.com", the note also informs, stressing that a detailed participation package will be provided to participants.

One of the requirements to participate in the auction, indicates Sodiam, is the presentation by all participants of the covid-19 Vaccine Certificate, to have access to the building's facilities, as well as to present a negative PCR test, with a minimum of 72 hours before enter Angola.

Sodiam EP, founded in 1999, is the state-owned company responsible for marketing and exporting all diamonds produced in Angola.

The productions come from 12 mines, kimberlites and alluvial, and comprise a wide range of qualities in terms of weight, model, purity and color.

In 2020, Angola exported 7.7 million gross carats, valued at 1.013 billion dollars, corresponding to an average price of 130.9 dollars, placing Angola currently as the world's third largest producer in terms of value.

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