Industry News by Nemesis

DDA Trading To Hold Tender in Antwerp of Lerala Mine (Botswana) Diamonds

September 12, 2016

DDA Trading (Dynamic Diamond Auctions) will hold a diamond tender in Antwerp from 19-26 September with a closed bid tender on September 27.


The tender will feature 25,000 carats of stones from the Lerala Diamond Mine, Botswana. The goods will be original Run of Mine (ROM). Viewings will take place by appointment only at DDA Trading's office in the Antwerp Diamond Bank.


The Lerala Diamond Mine is owned and operated by Kimberley Diamonds. The company acquired the mine in 2012, and has since has sought to refurbish and recommission the existing processing facility to reliably process 200 tph kimberlite ore. The mine comprises five diamond-bearing kimberlite pipes.


Mining at Lerala recommenced in mid April 2016. The first kimberlite ore was put through the refurbished processing plant on April 30 2016 with their first diamonds recovered on May 2 of this year and the initial sale taking place on June 28, also in Antwerp. 


Source: The Diamond Loupe

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