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Lace Run-of-Mine Diamonds Sold for $189/Ct.
Jun 14, 2016 10:20 AM
By Rapaport News
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RAPAPORT... DiamondCorp sold two batches of rough diamonds from its Lace
mine for $436,597 (ZAR 6.5 million), with a parcel of run-of-mine diamonds
fetching a record price.
The 1,838 carats of run-of-mine goods sold for an average
of $189 per carat. A separate parcel of 1,679 carats of tailings diamonds
fetched $53 per carat.
“The latest selling price is the highest achieved to date
for run-of-mine Lace kimberlite diamonds and underlines the conservative nature
of the $164-per-carat base case in the company's resource statement and
financial models.”
The diamonds were sold to South African licensed
diamantaires, who have the opportunity to bid for DiamondCorp’s stones during a
four-day window while goods are being exported from the country to Antwerp for
tender sale. If the reserve prices placed by DiamondCorp on the parcels are
exceeded during this period, then the miner is obliged to sell the diamonds to
the highest bidders rather than ship them, the company said.
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Tags:
DiamondCorp, Lace, Lace Diamond Mine, Rapaport News, Rough Diamonds, rough sales, South Africa
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