Angola to Hold Rough Tender in Israel

RAPAPORT... Angola's national diamond-trading company, Sodiam, has agreed tohold 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 commoninterests, and we see a real opportunity to strengthen ties between the diamondsectors of both countries," said IDE president Yoram Dvash. "We are very pleased that Angola is about to join theranks of the major international diamond producers holding rough tenders inIsrael." The Israeli diamond industry is a major importer of roughdiamonds for polishing. Last year, the country imported nearly $3 billion worthof rough diamonds, the IDE noted. Image: The Israel Diamond Exchange. (Rapaport News)