BlueRock Diamonds shines bright as it sells 10.6 carat diamond
By Michele Maatouk
Date: Friday 20 Sep 2019
(Sharecast News) - BlueRock Diamonds has sold a 10.6 carat diamond for $103,000, or $9,751 per carat.
The AIM-listed company, which owns and operates the Kareevlei diamond mine in the Kimberley region of South Africa, said this is the sixth diamond it has sold this year for more than $50,000, realising a total price of $600,000 for the six stones.
The full tender results and production numbers for the quarter will be announced in the group's third-quarter update, which will also include more details on costs along with updated guidance for FY2019.
Executive chairman Mike Houston said: "I am pleased with the recovery and sale of yet another high value diamond which continues to underpin the increasing potential of the Kareevlei mine. I look forward to updating our shareholders in the Q3 2019 quarterly update."
At 1330 BST, the shares were up 13% at 103p.
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