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Angola conducts second international diamond auction

25 november 2019

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

Image credit: SODIAM

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.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished