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BlueRock sold six diamonds for more than $50 000 each at August tender

31st August 2022

By: Creamer Media Reporter

     

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Aim-listed BlueRock Diamonds, which operates the Kareevlei mine, in South Africa's Northern Cape province, sold six diamonds for more than $50 000 each in its August tender.

"We are pleased with the results of the August tender, in which we sold a record six high-value stones, bringing the average 2022 price of the tender to $594/ct (2021 average: $465/ct).

"The market appears to have stabilised price wise, but with the ongoing pressure on the rough diamond supply side due to lower global production and sanctions on Russia, we anticipate the demand for Kareevlei's high-quality parcel of diamonds to remain firm," says chairperson Mike Houston.

During the August tender a 6.77 ct diamond was sold for $52 000; a 6.88 ct diamond for $52 000; a 9.04 ct diamond for $76 000; a 10.02 ct diamond for $81 000; a 10.35 ct diamond for $50 000; and an 11.62 ct diamond for $84 000.

This brings the total number of Kareevlei diamonds sold for more than $50 000 to 17 for the year-to-date.

 

 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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