Sunday, July 14, 2024

Angola specialty stones tender raises $22m

The sale, which ended on Wednesday, saw 1,329.89 carats offered from five different deposits, national diamond trading company Sodiam said on Thursday.

Despite difficult market conditions, “with this tender we have managed to achieve a return above the producers’ expectations, which shows us that there is still some demand for a certain category of stones in the international market,” said Sodiam chairman Eugenio Bravo da Rosa.

The stones on offer included a 180.98 carat gem and three rare pink stones weighing 66.79, 21.45 and 10.19 carats respectively.

The goods included:

A pink diamond from Somiluana, which sold for $1.5 million.

Seven stones from Lulo, which together fetched $15.7 million.

Eighteen diamonds from the Kaixepa mine, which fetched $2 million.

Seven rough pieces from Catoca that sold for $2.1 million.

Three diamonds from Luele, which sold for approximately $966,900.

The current weakness in smaller goods for the “mainstream” jewellery market “does not seem to have affected the large, high quality stones, where demand and prices remain robust,” added Nick Selby, CEO and managing director of Lucapa Diamond Company, which owns the Lulo mine.

Some 36 companies viewed the merchandise and there were 10 winning bidders, TAGS said.

“We believe this has been a very strong start to our relationship with Sodiam,” the tender house said. “TAGS hopes to announce the next event soon and to showcase goods from additional mines in the future.”

Alice
Alice
Alice is a seasoned jewelry designer renowned for her exquisite creations that seamlessly blend artistry with elegance. With a passion for craftsmanship and an unwavering commitment to quality, Alice has established herself as a distinguished figure in the world of fine jewelry. Drawing inspiration from diverse cultures and artistic movements, Alice brings a unique perspective to her designs, creating pieces that transcend mere accessories to become timeless works of art. Her meticulous attention to detail and insistence on using only the finest materials ensure that each creation reflects not only her artistic vision but also a commitment to unparalleled craftsmanship. Having honed her skills through years of dedicated practice and a keen understanding of evolving trends, Alice is adept at translating her clients' desires into bespoke, one-of-a-kind pieces. Her portfolio encompasses a range of styles, from classic and timeless to avant-garde and contemporary, showcasing her versatility and ability to cater to a diverse clientele.

Related Articles

Latest Articles