Stellar’s diamond sale in Antwerp yields gross revenues worth US$417,122

Stellar Diamonds plc concluded its first diamond sale in Antwerp, with gross revenues worth US$417,122. The sale culminated with 4,414 carats of diamonds being sold, including excellent quality white stones, with a value of US$5,000 per carat achieved for one particular five carat stone.

The Company withheld 1,617 carats from the sale as the bid prices were not considered acceptable. These goods will be added to future exports and be offered for sale at a later date.

The company noted the performance was good in what remains a challenging market for rough diamonds. Future sales will be targeted for optimum selling windows with the next sale from Stellar’s operations planned for May 2015.

Stellar Diamonds, is an AIM quoted West African focused diamond development company. It has commenced trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through a definitive feasibility study. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue diplomatic channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.