Bloomberg: Lev Leviev closed a significant deal in Angola
Bloomberg reports that he will be able to sell diamonds from Lumins global markets where selling at a discount on the price of benchmark prescribed in China and Dubai
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Lev Leviev, the billionaire diamond dealer who holds interest in Africa, closed a deal in Angola that will allow him to raise the diamonds it sells by up to 50% - Bloomberg reported today (Monday).
According to the report, Leviev will be able to sell diamonds from Lumins (Luminas) in global markets, rather than selling at a discount to benchmark prices set by traders in China and Dubai.
Bloomberg noted that the deal may allow Leviev to raise prices by up to 50%, based on two sources familiar with the matter. According to these factors, diamonds from Catoca (Catoca), the fourth largest mine in the world, are sold in Angola at an average price of $ 100 per carat, while the price can skyrocket to $ 150 a carat.
Angola is the fourth largest diamond producer in the world with sales of over one billion dollars in 2012, plans to ease restrictions seekers distances investors and diamond mines. De Beers, the largest producer, has already reduced its operations in Angola, while BHP Billiton Australian and other companies have taken steps to reduce activity as well.
According to the report, Leviev will be able to sell diamonds from Lumins (Luminas) in global markets, rather than selling at a discount to benchmark prices set by traders in China and Dubai.
Bloomberg noted that the deal may allow Leviev to raise prices by up to 50%, based on two sources familiar with the matter. According to these factors, diamonds from Catoca (Catoca), the fourth largest mine in the world, are sold in Angola at an average price of $ 100 per carat, while the price can skyrocket to $ 150 a carat.
Angola is the fourth largest diamond producer in the world with sales of over one billion dollars in 2012, plans to ease restrictions seekers distances investors and diamond mines. De Beers, the largest producer, has already reduced its operations in Angola, while BHP Billiton Australian and other companies have taken steps to reduce activity as well.
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