29 Jan 2022
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Sodiam's rough tender yields $19.5 million
Angola's National Diamond Trading Company, SODIAM E.P, held on this Tuesday, November 30 in Luanda, its third rough diamond tender, having raised a total net value of USD 19.5 Million
By: Diamond World News Service
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Dec 1 2021 2:56PM
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Reference: 26021  

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Angola's National Diamond Trading Company, SODIAM E.P, sold this Tuesday, at tender, special diamond productions from Catoca and Lulo. The net value of the global sale was USD 19.509.481,40 of 1,012.90 carats.

The 4th rough diamond tender in Luanda, whose evaluation sessions took place between the 15th and 29th of November 2021, at SODIAM EP premises, included the submission of proposals, made electronically.

A diversified pack of special stones was at tender, that included a composition of (6) stones from Lulo and (15) from Catoca.

A detailed participation rules package was provided to attendees and viewing bookings were made via the address: booking@sodiamsales.com.

Altogether 29 companies participated in the tender. During the Covid-19 pandemic, this is the second tender organized in 2021 and all the necessary precautions and health measures demanded by authorities for control and fight against Covid were reinforced.

In the current format of the purchase and sale of diamonds, participating companies presented their bids remotely, in a closed model, on the “online” electronic platform created for this purpose, a model that generates greater transparency in the process and allows for a higher commercial value for available stones.

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