RAPAPORT... Diamcor Mining Inc. sold a 91.72-carat, gem-quality octahedron rough diamond for $817,920, or $8,918 per carat. It was the first gem-quality diamond sold by the mining company in the 50-carat-plus category. The diamond was sold as part of a 2,654.63-carat parcel of rough diamonds from the company's Krone-Endora at Venetia diamond project that generated proceeds of $1.15 million.
The majority of rough diamonds sold were recovered in conjunction with ongoing testing and commissioning exercises on the lower-grade upper zone material; nonetheless, the value per carat achieved from the sale exceeded the company's expectations.
To date, Diamcor Mining has sold 14,110.48 carats for $2.93 million, or $207.51 per carat on average from the ongoing commissioning and testing exercises.