08 Dec 2022
DiamondWorld Directory
-
Home |
News
Home
Diamcor’s second tender and sale of rough diamonds yields $702,635.70
The diamonds are from the company’s Krone-Endora at the Venetia Project
By: Diamond World News Service
|
May 20 2017 10:29AM
|
Reference: 15215  

DecreaseIncrease
Diamcor Mining Inc. announced the results of its second tender and sale of rough diamonds from the processing of material in the +1.0mm to -45.0mm size fractions through the newly expanded facilities at the company’s Krone-Endora at Venetia Project.

In this second tender of the current quarter, the company sold 3,265.07 carats of rough diamonds for gross proceeds of $702,635.70, resulting in an average price of $215.20 per carat.

The tender included the sale of three rough diamonds in the specials category (+10.8 carats): a 12.80 carat, a 12.89 carat gem quality, and a 13.51 carat rough diamond.

Previously on April 10, 2017, an initial tender and sale resulted in gross proceeds of $810,106.26, and an average price of $279.29 per carat. The total rough diamonds tendered and sold from processing through the newly expanded facilities amounted to 6,165.69 carats, with seven individual rough diamonds being in the specials category (+10.8 carats), generating gross proceeds of $1,512,741.96 and an average price of $245.35 per carat. The company plans to complete a third tender and sale prior to the end of the current quarter.

“We’re very pleased with the results of these initial tenders and sales of rough diamonds from our newly expanded facilities, especially at a time when many operators are experiencing lower than expected results due to continued weakness in rough diamond prices”, noted Diamcor’s CEO Mr. Dean Taylor. “The results are very encouraging, and given they are from the initial processing of material at a time when the new components are being calibrated and refined, they certainly point to the potential benefits that the crushing and treatment of material up to 45.0mm through these new facilities have when compared to previous tenders and sales of material processed through the previous facilities in the +1.0mm to -15.0mm size fractions”, adds Mr. Taylor.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32049
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 9557
GJEPC Chairman Interview
Views: 28150
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39395
Promo for IJ Awards 2012 at NDTV Profit
Views: 57087
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 68579
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21901
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50953
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53147
Advertisement
DWsubscription
Member of:
Supporter of: