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Stellar's Rough Sale from Baoulé Achieves $505K

May 28, 2015 9:50 AM   By Jeff Miller
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RAPAPORT... Stellar Diamonds achieved $505,000 from its recent sale of rough diamonds from the Baoulé project in Guinea. Six of the lots, representing 48.12 carats of rough stones greater than 5 carats, achieved $3,510 per carat.   So far this year, Stellar's diamond sales totaled $922,000, of which $700,644 worth of goods was derived from the trial mine evaluation of Baoulé.

Stellar Diamonds' CEO, Karl Smithson, said, “We are delighted with the results from the latest diamond sale from Baoulé via the online auction eDiamond platform. The presence of larger, high-value stones and the stability in the rough diamond market has resulted in an average price of $156 per carat for the latest Baoulé run of mine parcel.”

 

Tags: auction, diamonds, Jeff Miller, mining, stellar, tender
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