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Angola Plans $77M Diamond Center
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Angola is halfway through the construction of a $77 million diamond hub that it hopes will create revenue sources beyond the sale of rough diamonds.The hub is located in Angola’s diamond province of Lunda Sul. It will contain a main...
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Manufacturing
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Jun 22, 2020
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Rapaport News
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Lucapa Reduces Lulo Operations
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Lucapa Diamond Company has whittled down activities at its Lulo mine in Angola to essential operations amid a government lockdown on the country.The shutdown, currently in force until April 11, excludes the mining industry, though authorities...
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Mining
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Apr 02, 2020
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Rpapapot News
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Angola Diamond Reforms Buoy Country’s Finances
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Reforms to Angola’s diamond industry have boosted the country’s tax revenue by 42% over the past two years, according to national diamond-trading company Sodiam.While the previous method required all miners to sell rough to only...
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Rough Markets
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Mar 05, 2020
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Rapaport News
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Angola’s Annual Rough Revenue Rises
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Revenue from Angola’s national diamond-trading company, Sodiam, rose 6% in 2019 as the company sold a higher volume of rough goods.Proceeds for the year came to $1.3 billion from the sale of 9 million carats of rough diamonds, compared...
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Mining
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Feb 16, 2020
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Rapaport News
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De Grisogono Files for Bankruptcy Amid Probe
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De Grisogono has filed for bankruptcy shortly after being caught up in an alleged money-laundering scandal involving the daughter of Angola’s former president and her husband.Last week, media reports stated Isabel dos Santos’s husband, Sindika...
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Retail
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Jan 29, 2020
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Rapaport News
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Graff Unit Signs Polishing Deal with Lucapa
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Graff-owned diamond manufacturer Safdico will cut and polish a portion of rough from the Lulo mine through a partnership with Lucapa Diamond Company.Safdico will have the rights to buy up to 60% of Lulo’s annual rough production...
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Mining
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Jan 29, 2020
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Rapaport News
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KGK Opens Angola Cutting Factory
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KGK Diamonds has become the fourth company to open acutting factory in Angola as part of a national project to boost localmanufacturing, the government said in a post on its Facebook page Monday. The Hong Kong-based sightholder launched the...
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Manufacturing
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Nov 07, 2019
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Rapaport News
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Angola Diamond Sales Rise
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Revenue from Angola’s national diamond-trading company,Sodiam, rose 12% year on year in the third quarter amid an increase in theaverage price. Prices of Angola’s diamonds have continued to increase sincethe implementation of the country’s new, more competitive...
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Mining
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Nov 06, 2019
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Rapaport News
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Angola Sees Rise in Diamond Revenue
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Revenue from Angola’s national diamond-trading company,Sodiam, rose 3.9% year on year in the second quarter, with the government separately noting an increase in prices. Prices of Angola’s diamonds have increased since the implementation of the country’s...
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Mining
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Aug 12, 2019
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Rapaport News
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Angola to Hold Rough Tender in Israel
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Angola’s national diamond-trading company, Sodiam, has agreed tohold 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...
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Rough Markets
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Mar 17, 2019
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Rapaport News
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Lucapa Angola Tender Rakes In $17M
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Lucapa Diamond Company sold $16.7 million worth of roughstones from its Lulo mine at the first diamond tender under Angola’s newsales rules.“The exceptional sale prices achieved for the Lulo diamondsreflected the highly...
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Mining
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Feb 03, 2019
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Rapaport News
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Lucapa Predicts Premium from Angola Reforms
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Angola is set to host its first diamond sale under newrules designed to improve transparency and prices.Sodiam, a state-owned diamond-marketing company, will this month offerseven large stones from Lucapa Diamond Company’s Lulo mine, including...
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Rough Markets
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Jan 14, 2019
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Joshua Freedman
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Angola to Curb Sodiam’s Control of Rough Sales
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Angola plans to allow miners to sell up to 60% of roughdiamonds to companies of their choice, including to their own tradingdivisions, Reuters reported last week. The changes are part of the country’s reforms to its diamondsector under President João...
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Rough Markets
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Jul 02, 2018
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Rapaport News
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Angola Eyes Antwerp as Ally in Diamond Reforms
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Angola is seeking stronger ties with Antwerp as the southernAfrican nation looks to improve the profitability and transparency of itsdiamond sector.The country has failed to benefit sufficiently from itsdiamond resources due to government policies, according to its...
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Rough Markets
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Jun 14, 2018
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Joshua Freedman
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Lucapa Diamonds Prepares 371-Cts. From Lulo for Tender
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The Lucapa Diamond Company plans to sell a second parcel of rough diamonds that were recovered from its Lulo diamond concession in Angola. This sale will offer 371.35 carats of diamonds, which were valued by Jaguar...
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Rough Markets
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Feb 26, 2014
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Jeff Miller
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AWDC Holds Exclusive Networking Event in Luanda
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Press Release: Yesterday, in the framework of the Belgian Princely Economic Mission to Angola, the Antwerp World Diamond Centre (AWDC) organized an exclusive Antwerp diamond networking event in the presence of Her Royal Highness Princess Astrid...
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Polished Markets
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Oct 22, 2013
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AWDC
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