- Seven gemstones on offer are from Lulo mine in the northeast
- State-owned diamond trading company to confirm date of sale
Angola will conduct its first diamond auction in January as part of the southwest African country’s plan to open its economy to foreign investors, state-owned diamond-trading company Sodiam said.
Seven gemstones from the Lulo mine, located in the northeast, will come under the hammer, Sodiam said in an emailed statement Monday. They include a 114-carat stone and a pink, 46-carat gem. Several international buyers will be invited to the sale, which will be held at the company’s headquarters in the capital, Luanda. Sodiam didn’t give a date for the auction.
Angola is the world’s fifth-biggest diamond producer in terms of value, according to Sodiam.
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