Angola expects to boost over $20m in tough diamond public sale

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LUANDA   –  Angola expects to boost greater than 20 million U.S. {dollars} in its fourth tough diamond public sale to be held completely on-line on Nov. 15-30.

The bidding will deal with six particular stones from Lulo Mine, and several other baskets of stones from Catoca Mine, the Angolan Nationwide Diamond Buying and selling Firm (SODIAM) stated in a press release on Monday.

Within the third public sale in June 2021, the corporate collected round 56.6 million {dollars} from tenders for particular diamond stones. As a result of COVID-19 pandemic, it was not attainable to carry auctions in 2020, SODIAM stated. The primary and second diamond auctions happened in 2019