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Angola to Hold Rough Tender in Israel

Ramat Gan bourse sees opportunities to strengthen ties between two countries.
Mar 17, 2019 11:18 AM   By Rapaport News
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RAPAPORT...
 Angola’s national diamond-trading company, Sodiam, has agreed to hold its first rough tender in Israel.

Representatives from Israel’s government and diamond industry reached the deal with Angolan officials during a recent visit to the African country, the Israel Diamond Exchange said last week.

“Israel and Angola have many common interests, and we see a real opportunity to strengthen ties between the diamond sectors of both countries,” said IDE president Yoram Dvash. “We are very pleased that Angola is about to join the ranks of the major international diamond producers holding rough tenders in Israel.”

The Israeli diamond industry is a major importer of rough diamonds for polishing. Last year, the country imported nearly $3 billion worth of rough diamonds, the IDE noted.

Image: The Israel Diamond Exchange. (Rapaport News)
Tags: Angola, Diamantino Azevedo, ENDIAMA, Eugenio Bravo da Rosa, IDE, Israel Diamond Exchange, Israel Ministry of Economy and Industry, Jose Manuel Augusto Ganga Junior, Rapaport News, Rough tender, Shay Rinsky, SODIAM, Yoram Dvash
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