News

Offshore Pink Diamond Rakes in $97,000 at auction

Diamond Fields also sold other high quality white and coloured diamonds for $1.1 million

diamond world news service

Diamond Fields, which executes offshore diamond mining in Namibia, has sold 47,298.18 carats of rough diamonds mined from its ML 111 licence in offshore Namibia for $1.1 million.

The sale featured some high quality white and colored diamonds, including a 5.71-carat pink rough diamond that sold for $97,076.

Diamond Fields restarted offshore diamond mining in Namibia in November 2018. The ML 111 concession has a ten year mining licence, effective until December 2025. The company also owns and operates the Beravina Project in Madagascar; according to Diamond Fields, Beravina is a “high grade, hard rock zircon project”.

(source: mining.com)


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