Endiama and Sodiam Sign up to NDC
June 25, 25
(IDEX Online) - Angola's state-owned diamond businesses - miner Endiama and trading company Sodiam - will officially join the Natural Diamond Council (NDC) next week (from 1 July) and will jointly contribute $8m.
Angola, the world's third biggest diamond-producing nation, signed up last week to the milestone Luanda Accord aimed at securing the future of the natural diamond industry.
"With Angola's diamond industry on the rise, promoting the values and socioeconomic contributions of natural diamonds is a national priority," said Diamantino Azevedo, Angola's minister of mineral resources.
Angola aims to further promote transparency, sustainability, and consumer awareness about natural diamonds through its NDC membership.
The NDC - known as the Diamond Producers Association until 2020 - counts De Beers, Petra Diamonds, Rio Tinto, Okavango Diamond Company and Murowa Diamonds among its members.
"We are thrilled to welcome Endiama and Sodiamto the NDC at such a pivotal time for the industry," said David Kellie, CEO at NDC.
"Their membership will significantly enrich our collective voice in sharing the powerful story of natural diamonds rooted in positive impact, rarity, and authenticity."