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DiamondCorp garners $782,455 from Lace diamond sale
The sale included 7,121 carats of diamonds being sold
By: Diamond World News Service
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Sep 29 2016 10:37PM
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Reference: 13469  

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DiamondCorp, the Southern African diamond mining, development and exploration company announced that diamond sales from the Lace diamond mine.

The sale garnered $782,455 in total revenue, with 7,121 carats of diamonds being sold in the current three months through a combination of direct sales and competitive tender.

The 7,127 carats comprised 4,863 carats of diamonds recovered from kimberlite mining and 2,258 carats of diamonds from tailings production and fine diamonds less than 1.25 mm.

The Company experienced good demand for its production in all size categories and all lots offered for sale were sold.

The company noted that prices achieved in each size fraction offered for sale were in line with prices achieved in April, with the exception of cheaper goods where some weakness was experienced.

A total of 5,716 carats were sold by a competitive tender in Antwerp. A further 1,406 carats of kimberlite diamonds were also sold by direct sales in Johannesburg and an 8.7 ct stone was sold earlier in the period for $5,700/carat.

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