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Tango Averages $1.4K/ct. at Rough Sale

A 19.87-carat stone recovered at the Oena mine went for more than $4,000.
Jul 23, 2019 8:45 AM   By Rapaport News
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RAPAPORT... Tango Mining sold a 19.87-carat rough diamond for $4,358 per carat, one of a number of high-value stones up for tender from its Oena project in South Africa.

The miner sold 230 stones totaling 531.82 carats from its May 9 to July 7 production. It achieved an average price of $1,382 per carat for rough at the sale. 

The company also sold a 49.6-carat diamond for $2,561 per carat, a 16.65-carat rough for $2,126 per carat, and a 24.97-carat stone for $1,101 per carat.

In addition, Tango is conducting trial mining in Angola and an exploration project in Liberia.

Image: The Oena mine. (Tango Mining)
Tags: Kimberley Diamond Exchange, Oena, Oena mine, Rapaport News, tango, Tango Mining
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