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Kimberley Completes First Sale of Lerala Rough
Jun 30, 2016 3:12 AM
By Rapaport News
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RAPAPORT... Kimberley Diamonds sold its first parcel of rough from the
Lerala Diamond Mine in Botswana for an average price of $98 per carat in an
online auction Tuesday.
The “small” parcel of gem and near-gem quality diamonds was
sent to Antwerp for the auction that was carried out by DDA Trading. Only the
gem-quality goods were sold, with the rest added to a sale scheduled for
September when the miner expects to see better market conditions. It also aims
to benefit from a larger parcel being available for sale in September.
The diamonds were mainly sourced from pre-2016 run-of-mine
stockpiles. Production started
again at the mine in May after a nine-month upgrade and recommissioning.
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Tags:
kimberley, Kimberley Diamonds, Lerala, Lerala mine, Rapaport News
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