Angola’s SODIAM Posts $1.4 Billion in Revenue and Major Sales Growth Between January and October
The National Diamond Trading Company of Angola (SODIAM) recorded total gross revenue of $1.4 billion between January and October of this year, reflecting an increase of $338.5 million compared to the same period in 2024.
A company statement notes that these results demonstrate the robustness of SODIAM’s commercial strategy.
During the same period, the company reached a sales volume of 13.9 million carats, representing a significant increase of 7.6 million carats year over year.
In terms of fiscal contributions, tax revenue grew by 30.5%, equivalent to $108.9 million, underscoring SODIAM’s reinforced contribution to Angola’s public finances.
In a message addressed to stakeholders, SODIAM’s Chairman of the Board, Eugénio Bravo da Rosa, highlighted the company’s essential role as Angola’s public diamond marketing authority and single sales channel, ensuring transparency and predictable tax revenue for the State.
