Mining Review Africa
The significant diamond sector reforms being enacted by the President of Angola, His Excellency Joao Lourenco, to grow investment into the Angolan mining sector, will take another major step forward this month. The inaugural competitive bid sale of large and premium-quality diamonds from Lucapa Diamond Company’s (and partners) high-quality Lulo diamond mine will take place in Luanda.
The sale will mark a significant milestone for the Angolan diamond mining industry, being the first diamonds offered for sale in a competitive process under the new diamond marketing policy enacted by President Lourenco and the Angolan Council of Ministers.
The historic Lulo competitive bid sale, which is scheduled to close on 31 January 2019, is being organised in Luanda by SODIAM, the state-owned company responsible for the trading of diamonds in Angola.
The new diamond marketing reforms have generated significant interest from some of the world’s leading diamantaires and large stone manufacturers, who will participate in the inaugural event.
Seven exceptional Lulo diamonds, showcasing some of the high-quality production of Angola, will be offered individually, including a 46 carat pink and six top-colour Type IIa white gems ranging from 114 carats to 43 carats.
For the rest of this article: https://www.miningreview.com/diamond-sector-transformation-in-angola-approaches-major-milestone-achievement/