RapNet


Rapaport News

 

Mining

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Kareevlei Rough Fetches $7,600/ct.

24.98-carat stone nets $190,000.
Jun 16, 2019 5:54 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
BlueRock Diamonds, which owns the Kareevlei mine in South Africa, has sold a 24.98-carat rough diamond for $190,000. The diamond is the largest the company has found from Kareeevlei, signalling potential for other high-value recoveries, chairman Mike Houston said last week.

“We continue to make excellent progress implementing our development strategy to increase production and are clearly seeing the impact of higher throughput being achieved, reflected in the number of high-value stones we continue to produce,” he added.

The average price of $7,606 per carat achieved for the stone was well above previous sales at the mine. BlueRock sold 1,847 carats of diamonds for an average of $371 per carat during the first quarter of 2019.

Image: The 24.98-carat diamond from Kareevlei. (BlueRock Diamonds)
Tags: BlueRock, Kareevlei, Rapaport News
Similar Articles
Alrosa rough diamonds 150Alrosa Partners with Zimbabwe Mining Company
Jul 17, 2019
Alrosa has agreed to a joint venture with nationalminer Zimbabwe Consolidated...
Lulo Revenue Up in Second Quarter
Gem Diamonds Unearths 140ct. Rough
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us