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