First diamond auction held in Angola raises US$16.7 million

The first diamond auction to be held in Angola, in which seven diamonds of exceptional quality were put up for sale, brought in US$16.7 million, Angola"s National diamond trading company, Sodiam said.

This auction, which was attended by 31 companies, was carried out under a new diamond marketing policy approved on 27 July, 2018, and the seven diamonds offered for sale came from the Lula mining concession, whose biggest shareholder is Australia"s Lucapa Diamond Company.

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