Luanda: The precious stone auction, aimed at customers registered in the database of the Angolan National Diamond Trading Company (SODIAM), with expertise in diamond sales, opens online on Tuesday (30) at the public company’s headquarters in Luanda.
According to Angola Press News Agency, the SODIAM initiative, in partnership with Trans Atlantic Gem Sales, will close on Oct 8th at 10:00 am local time. The auction will feature a total of 36 rare stones, each weighing 10.80 carats or more. These include 18 stones from Catoca, 6 from Kaixepa, 5 from Lulo, 3 from Chitotolo, 2 from Somiluana, with Calonda and Mussende contributing one stone each.
The document states that a detailed attendance package will be provided to invited participants in due time. This marks the 15th rough diamond auction organized by SODIAM since 2019, with the previous auction held last June.
Founded in November 1999, SODIAM is the state-owned company responsible for marketing Angola’s diamond production. The diamonds sold through SODIAM
originate from 27 kimberlite and alluvial diamond mines, showcasing a wide range of quality in terms of size, model, clarity, and color.
In 2024, SODIAM exported approximately 10.2 million carats of rough diamonds, achieving a total value of approximately US$1.48 billion. This corresponds to an average price of US$145 per carat, solidifying Angola’s position as the world’s 3rd-largest producer of rough diamonds in terms of value.
