|
|
Diamcor Third-Quarter Rough Sales Decline
Dec 21, 2017 4:33 AM
By Rapaport News
|
|
|
RAPAPORT... Diamcor’s tender results showed a lower number of carats sold
in the third fiscal quarter that started October 1, with the company citing water-recovery issues.
The company sold a total of 4,354 carats of rough diamonds
for $864,546 at an average price of $199 per carat. Sales value decreased 27% from the third quarter last
year, while volume slumped 54%, according to Rapaport calculations.
The average price increased from $125 per carat recorded last year, and $172 in the preceding second fiscal quarter. The jump was partly due to the sale of a 25-carat rough diamond, one of three stones above 10.8
carats that it tendered in the third quarter. Diamcor also recovered 19
individual rough diamonds over 5 carats, as well as 182 individual rough
diamonds over two carats.
“Increased attendance at the tenders and demand during the
period” also impacted pricing, Diamcor reported.
Diamcor sources its rough diamonds from the Krone-Endora at
Venetia mine in South Africa. The company have a long-term strategic alliance
and first right of refusal with Tiffany & Co. Canada for its rough diamonds.
|
|
|
|
|
|
|
|
|
|
Tags:
diamcor, Rapaport News, rough sales
|
|
|
|
|
|
|
|
|
|
|
|
|