Industry News by Nemesis

Angola Conducts Second International Diamond Auction

November 27, 2019

 

Angolan national diamond trading company, SODIAM, is currently conducting the country’s second international diamond tender in the capital, Luanda. 

 

The auction, which commenced last week will run until 6 December and it features a single stone extracted by Sociedade Mineira do Cuango weighing 183.55 carats and two special stones from Catoca, which are part of a batch of 110.21 carats, according to Macauhub.


The tender features another batch of seven special stones that make up a total of 210.66 carats and two other lots weighing 127.691 carats and 127.692 respectively.


Results of the tender will be announced on 7 December.


The first tender organised by SODIAM last January raked in $16,7 million from stones weighing between 43,25 carats and 114,94 carats sourced from Sociedade Mineira do Lulo.

 

Image credit: SODIAM

 

Source: Rough&Polished

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