BlueRock Diamonds plc, the AIM listed diamond mining company, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa ("Kareevlei" or the “Project”), is pleased to announce that it has sold a 7.63 carat diamond for USD52,000 (USD6,815/carat), in the August tender.
This is the fifth diamond that has been sold this year at a price of in excess of USD50,000 realising a total sale price of USD500,000. Mike Houston, Executive Chairman commented, "The continued and improving regularity of discovery of high-quality stones underpins the potential value of the Project and the effectiveness of our recent improvements in operational practises. I look forward to updating our shareholders on further developments at Kareevlei as we continue to implement operational initiatives to optimise the performance of the mine.”