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Sodiam Chairman Willing To Hold Rough Diamond Tenders In Israel

Sodiam Chairman Eugénio Bravo da Rosa

A delegation of the heads of the Israel Ministry of Economy and the leadership of the Israel Diamond Exchange (IDE) visited Angola this week, resulting in Angolan national diamond trading company Sodiam Chairman Eugénio Bravo da Rosa expressing his willingness to hold Sodiam’s first rough diamond tender in Ramat Gan, and to visit IDE within the next several weeks.

Initiated by the IDE, the visit was meant to take advantage of changes in Angola’s diamond marketing policy to increase direct rough diamond sales to Israel, the Israel Diamond Institute (IDI) said in a press release.

The delegation was led by Director General of the Israel Ministry of Economy Shay Rinsky and included the Israel Diamond Controller Danny Tal, IDE President Yoram Dvash, Israel Diamond Institute Chairman Boaz Moldawsky, IDE Managing Director Eran Zini and Rough Diamond Chairman Zvi Zamir. The visit was facilitated by the Israeli Ambassador to Angola Oren Rosenblatt.

The Israeli group met with Angolan Minister of Mineral Resources and Petroleum Dr. Diamantino Azevedo, who expressed his government’s policy of promoting trade with new markets. He stated that the Israeli delegation represented an excellent opportunity to enhance bilateral trade ties.

Apart from the Sodiam Chairman, the delegation also met with Angolan national diamond mining company Endiama CEO Jose Manuel Augusto Ganga Junior, who stressed the importance of the diamond mining sector to Angola’s economy.

The Israel Diamond Industry is a major importer of rough diamonds, especially larger stones, which the Israeli industry specialises in polishing. In 2018 Israel imported close to $3 billion in rough diamonds. To boost direct sales of rough diamonds to Israel, in 2017 IDE established a state of the art International Tender Center, which has hosted dozens of tenders by leading mining and rough diamond trading companies every year. This year IDE has also opened a centre for live diamond auctions.

IDE President Yoram Dvash said, “This was a very successful visit for the Israeli diamond industry. Israel and Angola have many common interests and we see a real opportunity to strengthen ties between the diamond sectors of both countries. We are very pleased that Angola is about to join the ranks of the major international diamond producers holding rough tenders in Israel.”

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