[2019-11-21] Angolan state launches second international diamond auction

Source: Macauhub

Parties interested in the five lots of diamonds auctioned by the Angolan national diamond trading company – Sodiam – have until 5 December to register at https://sodiamsales.com/en/login, the stat company said in a statement.

The auction, which will run until 6 December, features a single stone extracted from the mine explored by Sociedade Mineira do Cuango weighing 183.55 carats and two special stones from the mine explored by Sociedade Mineira da Catoca, which are part of a batch of 110.21 carats.

The auction also has another batch of seven special stones that make up a total of 210.66 carats and two other lots from the same mine weighing 127.691 carats and 127.692 respectively.

Sodiam’s Chairman of the Board, Eugénio Bravo da Rosa, said that the registration page is open to all Angolan and foreign entities, and that there are 105 companies that were previously registered, namely from countries including India, Belgium, South Africa, Israel and Dubai.

On 6 December a commission will analyse the bids and determine the result of this second auction, which will be announced on 7 December, according to the Angop news agency.

In the first auction held by Sodiam, seven special stones sold by Sociedade Mineira do Lulo were also sold, which generated revenues of US$16.7 million.