Skip to Content
Home  Blog  Sodiam Rough Tender in Angola Garners $29M

Sodiam Rough Tender in Angola Garners $29M

  • Blog-images/16344257324_145.png
LEAH MEIROVICH • 16-11-2022

Angola’s national diamond-trading company, Sodiam, brought in $28.7 million through a sale of special rough production from the Lulo, Catoca and Luaxe mines.

Sodiam sold 1,820 carats at its fifth rough tender in Luanda, which took place between October 24 and November 15, it said Tuesday. Of the stones on offer, seven from Lucapa Diamond Company’s Lulo mine fetched a combined $20.4 million at an average price of $26,536 per carat. Some 27 diamonds came from the Catoca deposit and nine from Luaxe’s Luele pipe, both owned by Angola state mining company Endiama and Russian miner Alrosa. The diamonds from Catoca garnered $5.3 million, and those from Luaxe went for $3 million.

The seven diamonds from Lulo included a 170-carat, type IIa pink diamond called the Lulo Rose, along with 160-, 131- and 113-carat, white, type IIa diamonds. Also in the mix were three white diamonds between 45 and 81 carats. Sodiam saw participation from 37 companies at the tender, it added.

Image: The Lulo Rose. (Lucapa Diamond Company)

Latest posts

Leave a comment

JAYKAR HOUSE, Plot No, 231-236, Pajwa Falia, Gotalawadi, Katargam, Surat, Gujarat 395004
+91 9825132931, 0261 2400200-2400300
+91 98250 22931
Jaykar House is a Centre for excellence in job work industry which is situated and established their business in the best suitable location in surat city, Surat city is a place where out of 10 diamonds around the world, 9 diamonds are processed from rough to polished over here.