Namakwa Diamonds tender achieves $6.9 million in revenues

Namakwa Diamonds’ tender featuring rough diamonds from its Kao Mine, achieved revenues worth $6.9 million, for 25,952 carats of rough diamonds in 54 lots sold, reports suggest. The average price of the rough diamonds sold was $265.60 per carat, reports say.

The tender was managed in Antwerp through Fusion Alternatives from October 10 to 17. The company noted that the prices achieved were above expectations at the tender, reports add. The average size of diamonds featured in the tender was 0.28 carats.

The Kao Mine in Lesotho is operated by Namakwa Diamonds' subsidiary, Storm Mountain Diamonds.