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)
Angola to Hold Rough Tender in Israel
The Bottom Line
- Sodiam, Angola’s national diamond-trading company, will conduct its inaugural rough diamond tender in Israel.
- The agreement was reached during a recent visit by Israeli government and diamond industry representatives to Angola.
- Israel imported nearly $3 billion in rough diamonds last year, underscoring its role as a major rough diamond importer and polisher.
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