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.