Diamcor sells 9,435.41 carats in third fiscal quarter

Diamcor Mining Inc. announced the results of rough diamonds delivered, tendered, and sold in its third fiscal quarter ending December 31, 2016.

During its initial tender and sale completed in November, 2016, it achieved selling 4,093.01 carats of rough diamonds, for gross proceeds of $558,758.55 or at an average price of $136.51 per carat.

In tenders and sales completed in December 2016, the company sold 5,342.40 carats of rough diamonds, for gross proceeds of $624,925.95, at an average price of $116.97 per carat.

During the quarter, the combined rough diamonds tendered and sold stood at 9,435.41 carats for gross proceeds of $1,183,684.50 and an average price of $125.45 per carat.

The company noted that prices carat realized reflected price weaknesses in certain categories of rough diamonds, with additional weaknesses experienced in the prices of smaller goods in December due to widely reported currency issues in India during the period.