Angola's First Rough Diamond Auction: Commitment to Innovation and Transparency
[By Angop - Luanda] At least 40 companies are registered to participate in Angola's first rough diamond auction, an initiative to strengthen commitment to innovation and transparency in the diamond industry, said Minister of Mineral Resources and Oil, Diamantino Azevedo.
In 2018, the diamond industry produced 9.4 million carats of diamonds, which provided turnover of US$ 1.2 billion.
Angola ranks fifth in terms of value, so the minister believes that with the new investment incentives, the reinforcement of the current operations and the aggregation of the sales modalities, its contribution to the national economy will increase.
The auction follows a schedule established by the organization, and on January 28 and 29 will be registered in the Platform, on the 30th January will begin the bids that close on January 31, the same day that the disclosures begin extend until 1 February. Read full article here.