TAGS & SODIAM Achieve Strong Results at Rough Diamond Tender in Luanda

Trans Atlantic Gem Sales (TAGS) in association with SODIAM, are delighted to report the conclusion of the first rough tender of 2025, which took place from 5th – 13th March at SODIAM’s viewing facilities in Luanda.

This tender presented goods from seven leading mines (Tchegi, Lulo, Somiluana, Kaixepa, Chitotolo, Catoca, and Luele) in Angola, and consisted of 36 stones above 10 Cts, seven of which were in excess of 60 carats.

A total of 1,448.37 carats (36 stones) were presented, of which 1,391.07 carats (34 stones) were sold for over $15.4 million - an impressive 95% sell-through rate.

We welcomed 41 companies, specialising in the manufacturing of Exceptional and Large Specials, from all the leading diamond centres.

Prices were well in excess of reserve price, yet again underpinning the strength of our association with SODIAM, and the benefit of a competitive and transparent tender system.

We remain proud of the return we can deliver to the mines whose participation is steadily increasing and we remain committed to supporting the growth of Angola’s diamond market.