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Namakwa Recovers Rare Pink Diamond

Jun 5, 2012 6:39 AM   By Deena Taylor
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RAPAPORT... Namakwa Diamonds recovered a rare 11.36-carat pink diamond and a 44.47-carat diamond at its North West Province alluvial mining operations in South Africa, the company reported. The diamonds are among the top five diamonds recovered from the mining area in terms of value per carat in the rough.

Namakwa noted that although the pink diamond has not been sold, it ranks alongside the 7.53-carat, vivid orange diamond discovered in October 2010 in terms of quality and rareness.

As of the end of May 2012, the company reported that it produced 16,569 carats during fiscal 2012 with unit costs in line with expectations and average year to date sales prices at $764 per carat. The company expects its North West Province operations to produce 20,000 carats by the end of fiscal 2012.
Tags: Deena Taylor, Namakwa Diamonds
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