22-12-2020
Five global tender and auction houses express their interests in the development of the soon be launched Angolan Diamond Bourse (ADB) by State-owned Angolan National Diamond Trading Company (Sodiam).
The five included Bonas-Couzyn, First Element, I-Hennig & Co, Koin International and Trans Atlantic Gem Sales. Angola Mineral Resources and Petroleum Minister Diamantino Azevedo said theyare now investigating which service would suit Angola’s needs in the best possible way in accordance with the law of the country.
Angola has 14 mining sites, which produced a total amount of 9.086 million carats in 2019 for an estimated value of US$1.263 billion. The country expects the trade body will be operational by the end of 2021.
"[We want] to have a deep-boiling facility in the new ADB. Before being offered for sale to customers, rough diamonds could go through a deep boiling process, which shall be conducted in the premises of the ADB for ... local beneficiation and price maximisation,", ADB special adviser Peter Meeus added.
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