Dubai: The World Federation of Diamond Bourses (WFDB) Presidents Meeting kicked off in Dubai today with special sessions on lab-grown diamonds and provenance and traceability.

An important delegation from Sodiam including Chairman Dr. Eugenio Bravo da Rosa took part in the ribbon cutting to officially open the Presidents Meeting.

Angola has the potential to become the first and largest mining country in the world.

It has extensive diamond reserves estimated at 180 million carats. They are located principally in the provinces of Lunda Norte and Lunda Sul in the central and northeastern parts of the country.

In 2018, Angola’s total rough diamond production was 8.4 million carats with a value of $1.2 billion (Source; Kimberley Process).

As part of its strategic plans, Angola has the intention to establish a Diamond Bourse in Luanda.

Mr. Ernie Blom, the president of WFDB said, “We are happy to welcome this important delegation from Angola, a key player for future diamond mining potential and we welcome the important changes which have been taking place in the country. Obviously WFDB stands ready to welcome a new diamond bourse and we are happy that this is being studied.”