17 Aug 2019
DiamondWorld Directory
Home |
News
Home
Diamcor sells 8,274.47 carats in Q2
The average price was USD $141.03 per carat
By: Diamond World News Service
|
Sep 30 2016 10:00AM
|
Reference: 13473  

DecreaseIncrease
Diamcor Mining Inc. announced the results of rough diamonds delivered, tendered, and sold during its fiscal quarter ending September 30, 2016. The said diamonds are from its Krone-Endora at Venetia project in South Africa.

In the said period, the company sold 8,274.47 carats generating gross proceeds of USD $1,166,937.49. The average price was USD $141.03 per carat. The price per carat realized were consistent with company expectations for the goods being offered, and reflect the continued price weaknesses in certain categories of rough diamonds.

An initial tender and sales in July 2016 resulted in 3,626.19 carats of rough diamonds selling for USD $537,619.55, while the second and final tender completed early in September 2016 saw 4,648.28 carats of rough diamonds being sold for gross proceeds of USD $629,317.94.

The said diamonds were recovered prior to August 16th, and those recovered after August 16th and until September 30, 2016 will be recorded as rough diamond inventory on-hand for the second fiscal quarter ending September 30, 2016.

The 8,274.47 carats of rough diamonds delivered to tender, indicates a ~171 percent increase when compared to 4,845.93 carats tendered and sold in the company’s second fiscal quarter ending September 30, 2015.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 16502
GJEPC Chairman Interview
Views: 15276
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 22131
Promo for IJ Awards 2012 at NDTV Profit
Views: 34939
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 38374
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 12684
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 36423
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 34380
Member of:
Supporter of: