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SODIAM to auction 20 special diamonds next month

24 november 2023

Angolan national diamond trading company, SODIAM, is set to conduct an online auction of 20 special diamonds from four mines in the country.

Special stones are diamonds weighing more than 10.80 carats.

It said the auction would include 13 stones from Uari, four from Lulo, two from Somiluana, and one from Chitotolo.

A viewing session will be convened between the 4th and 7th of December at SODIAM’s headquarters in Luanda, while bidding will take place online up to the 8th of December.

“From the batch of 20 stones, one weighing 235.47 and another weighing 208.78 carats from Lulo stands out,” said SODIAM.

The diamond trading company sold 1,206 carats for $21.7 million at its last auction held in May this year.

SODIAM exported about 9.2 million rough carats worth $2 billion in 2022, making Angola the world’s third-largest producer of rough diamonds in terms of value.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished