The National Diamond Trading Company of Angola (SODIAM) announced that it raised 22 million dollars from the auction sale of 1,329.89 carats of rough diamonds on Thursday, October 12, 2023.
This was the 7th diamond auction held in Luanda and included special stones from mining companies such as Lulo, Kaixepa, Somiluana, Catoca, and Luele, according to a statement from Sodiam sent to Lusa.
The most valuable diamonds came from the Lulo mine and yielded nearly 18 million dollars. 37 companies from the world’s major diamond markets participated in the auction.
According to SODIAM’s President, Eugénio da Rosa, as quoted in the same statement, despite adverse circumstances in the global diamond industry, “it was possible to generate revenue that exceeded the producers’ expectations, demonstrating that there is still acceptable demand in the international market for certain categories of stones.”
