Market Analysis06/01/2021 21:00
While it is clear COVID-19 had a major impact on what will be recorded in history as one of the most difficult years ever for the global diamond industry, one thing is certain, as far as diamond trade is concerned, Antwerp managed to keep the engines running in 2020, fueled by nearly 100 rough tenders that were held in the city in the past year. Critical Mass & Infrastructure
While trade halted for months on end in competing hubs like Dubai, Mumbai and Tel Aviv, it is remarkable that in Antwerp, trade picked up relatively quickly, with the first tenders restarting as early as June 2020. In the past decades, the trade in Antwerp moved away from the traditional bourse floors to the privacy and safety of individual offices and state-of-the-art tender facilities, which proved an invaluable advantage in keeping the business going and at the same time maintaining social distancing and hygiene measures at a high standard.
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.
News SODIAM received interest from 5 major tender and auction houses and 2 main diamond boiling companies for the Angolan Diamond Bourse SODIAM has received interest from 5 global tender and auction houses related to the development of these services in the soon to be established Angolan Diamond Bourse (ADB) By: Diamond World News Service
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Hon. Diamantino Azevedo said: “
Angola today has 14 active mining sites and has produced a total amount of 9.086 million carats in 2019 for an estimated value of US$1.263 billion. One of the main objectives of the Angolan Diamond Bourse is to put the enormous flow of these diamonds under one roof. It is also understood that a percentage of these diamonds could be sold through a professional and public tender. Sodiam is looking forward to examine service providers to maximize the output of our diamond
Rough Market17/12/2020 17:44
In a press release, SODIAM, the state controlled diamond marketing arm of Angola has announced that together with special advisor and former Dubai frontman Peter Meeus, they will continue talks with five tender houses (Bonas, First Element, I-Hennig & C°, Koin International and Trans Atlantic Gem Sales) who responded to a request for proposal and expressed interest to set up operations in the Angolan Diamond Bourse (ADB), to be established in Luanda. In addition, two proposals from (Antwerp-based) deep-boiling service providers Elmyr Services and Quality Boiling (Charlotte), will be evaluated as the Angolan government contemplates adding deep-boiling services to the new facility that will be built in the nation s capital.