Industry News by Nemesis

Tango Sells 42ct. Diamond for $476K

July 30, 2018


Tango Mining has sold a 42.26-carat diamond from its Oena project in South Africa for $11,267 per carat, it said. 

The company — which recovered the stone earlier this month — sold it for $476,143 at a tender at the Kimberley Diamond Exchange. 

The miner also sold 125.87 carats of rough diamonds at tender at an average price of $945 per carat. The sale included a 10.48-carat stone, fetching $2,374 per carat, and a 7.17-carat rough, which garnered $3,600 per carat.


Source: Rapaport

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