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Sodiam Holds Angola’s Largest Ever Rough Diamond Auction

Angola's national diamond company raked in over $56.6 million in its largest rough auction
Lucapa rough diamonds Angola
Credit: Lucapa

Sodiam, Angola’s national diamond company, raked in over $56.6 million in its third and largest rough auction, IDEX Online reports.

 

Lucara 130 carat diamond
Credit: Lucara

 

According to the report, 50 companies participated in the online auction, which consisted of special stones from the Uari, Lulo and Catoca mines as well as run-of-mine goods from the Luele kimberlite production site in the Luaxe region. Online bidding closed on June 23.

 

rough diamonds and lupa
Credit: Lucapa Diamond Company

 

Earlier this year, Angola’s Minister of Mineral Resources Diamantino Azevedo promised that his country intends to open a diamond exchange in 2022 “on an experimental basis”.



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