The Angolan National Diamond Trading Company (SODIAM) sold 636.28 carats or 20 special diamonds from Sociedade Mineira do Lulo, Sociedade Mineira do Somiluana, Society Mineira do Chitotolo, Sociedade Mineira do Uari and Sociedade Mineira do Kaixepa mining companies for $17 million at its first tender of the year.
It said all stones presented for auction were sold.
A total of 29 companies participated in the auction, representing the main world diamond markets and centres.
Lucapa’s 40%-owned Lulo diamonds were sold for $10.5 million, Somiluana got $1.4 million, Chitotolo realised $778 000, Uari recorded $614 000 and Kaixepa accrued $3.6 million.
SODIAM chairperson Eugénio da Rosa said that the auction made it possible to gauge the sentiment of the market and the global diamond industry.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
