Industry News by Nemesis

BlueRock Sells 12.2 ct Diamond for $8,584/ct

July 24, 2019

 

BlueRock Diamonds has sold a 12.2 carat diamond recovered at its Kareevlei diamond mine in South Africa for $105,000 or $8,584 per carat.


The stone is the second most valuable diamond the company has recovered to date, following the sale of a 24.98 carat diamond for $196,000 last month.    


“We are delighted to have received in excess of $100,000 for this diamond and continue to be encouraged by the ongoing recovery of high-quality stones,” said BlueRock executive chairperson Mike Houston.


“We have made excellent progress in improving our operational practises at Kareevlei which has resulted in increased volumes and the more regular recovery of higher value stones.”


Mining operations at Kareevlei started in 2015 on K2 pipe, following an open pit mining plan to mine to a depth of 70m below surface.  


The average value of all diamonds sold from Kareevlei exceeds $300 per carat placing Kareevlei into the top 10 kimberlite mines in the world. 

Image credit: Blue Rock Diamonds

 

Source: Rough&Polished

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