Ver Angola

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Angola raised 28.7 million dollars from the sale of 43 diamonds

Angola's National Diamond Trading Company (Sodiam) raised 28.7 million dollars this Tuesday with the sale, at auction, of 43 diamond stones weighing 1,819.79 carats.


According to a note from the Angolan public company, special diamond productions from the Lulo, Catoca and Luele Mining Companies were sold.

Sociedade Mineira do Lulo had seven special stones in the bidding process, which yielded 20.4 million dollars, while Sociedade Mineira de Catoca participated with 27 diamond stones, which yielded 5.3 million dollars, followed by Sociedade Mineira do Luele with nine diamond stones, which netted about three million dollars.

The fifth rough diamond auction in Luanda, whose evaluation sessions took place between the 24th of October and the 14th of this month, at Sodiam's premises, included the presentation of proposals, submitted electronically, until 10:00 am this Tuesday on the website of company.

37 companies from the world's main diamond centers participated in the auction.

"In the current auction format, for the act of buying diamonds, participating companies submit their bids remotely, in a closed model, on the 'online' electronic platform created for this purpose, a model that generates greater transparency in the process and that allows to obtain a greater commercial value for the stones and batches of special stones available", underlines the statement.

Sodiam, founded in 1999, is the state-owned company responsible for marketing Angola's diamond production.

The productions sold by Sodiam are the result of 12 kimberlite and alluvial productions and cover the entire spectrum of qualities, in terms of sizes, models, purities and colors.


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