Five Auction Houses Interested in Angola Diamond Bourse
December 21, 20 by John Jeffay
(IDEX Online) - Five major players have shown interest in conducting auctions a
nd tenders when the Angolan Diamond Bourse opens next year.
Angola, the world's sixth biggest diamond producer, brought in trading reforms in 2018 that allowed 120 companies to buy stock previously available to just eight "preferential customers".
Diamantino Azevedo, the country' minister of mineral resources and petroleum, has pledged to have a diamond exchange functioning in the capital Luanda by December 2021 as it attempts to capitalize on its most valuable resource.
Peter Meeus, (
pictured) the industry veteran who oversaw the establishment of Dubai's bourse and served as its president, is acting as consultant for the project by Sodiam, the state-owned diamond company.