Image credit: Sodiam
Angola’s national diamond trading company, Sodiam has this week sold five parcels of rough diamonds produced by Sociedade Mineira de Catoca to three Indian companies.
A source privy to the goings-on told Rough&Polished that the diamonds were sold at an estimated price per carat of between $72 and $74. The total carats sold and the revenue accrued could not be established.
This development was contrary to reports that India was considering the possibility of introducing a moratorium on rough diamonds due to the crisis in the market triggered by the COVID-19 pandemic.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
