Angola Expects To Raise Over 20 Mln USD In Rough Diamond Auction

Umer Jamshaid Published November 15, 2021 | 01:38 PM

Angola expects to raise more than 20 million U.S. dollars in its fourth rough diamond auction to be held exclusively online on Nov. 15-30

LUANDA, Nov. 15 (UrduPoint / Pakistan Point News - 15th Nov, 2021 ) --:Angola expects to raise more than 20 million U.S. Dollars in its fourth rough diamond auction to be held exclusively online on Nov. 15-30.

The bidding will focus on six special stones from Lulo Mine, and several baskets of stones from Catoca Mine, the Angolan National Diamond Trading Company (SODIAM) said in a statement on Sunday.

In the third auction in June 2021, the company collected around 56.6 million dollars from tenders for special diamond stones.

Due to the COVID-19 pandemic, it was not possible to hold auctions in 2020, SODIAM said. The first and second diamond auctions took place in 2019.