Trans Atlantic Gem Sales (TAGS) and Angola’s state-owned Sodiam sold $12.9 million worth of rough diamonds at their third tender of the year.
The sale, held in Luanda, featured 44 diamonds over 10.8 carats, including two stones exceeding 175 carats. Of the 44 stones offered, 42 were sold.
Despite a challenging global diamond market, 38 international manufacturing firms participated in the tender.
Both TAGS and Sodiam highlighted the benefits of the transparent tender system, which delivered competitive results for buyers and mines. TAGS described the response as “highly positive.”
The companies aim to build on this success to further develop Angola’s diamond industry.
