Diamond News

September 24, 19 by IDEX Online Staff Reporter
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(IDEX Online) - Sodiam chairman Dr. Eugenio Bravo da Rosa took part in the ribbon-cutting ceremony opening the World Federation of Diamond Bourses Presidents Meeting this morning.

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Sodiam is the state-owned Angolan National Diamond Trading Company, which controls the purchase, sale and import and export of diamonds in Angola.The participation of the Angolan delegation underscores the country's diamond production potential. Angola has diamond reserves estimated at 180 million carats. According to Kimberley Process figures, in 2018, Angola's total rough production was 8.4 millioncarats with a value of $1.2 billion.Angola plans to establish a diamond bourse in Luanda, a move the worldwide trading community would welcome. "We are happy to welcome this important delegation from Angola, a key player for future diamond mining potential and we welcome the important changes which have been taking place in the country," said Ernie Blom WFDB president. "Obviously WFDB stands ready to welcome a new diamond bourse and we are happy that this is being studied."

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