JOHANNESBURG (miningweekly.com) – ASX-listed Kimberley Diamonds on Tuesday concluded the first sale of diamonds from its Lerala diamond mine, in Botswana.
The sale of a small parcel of gem- and near-gem-quality diamonds, which were sourced predominantly from historic pre-2016 run-of-mine stockpiles, was conducted on Tuesday by an online auction platform operated by DDA Trading BVBA, in Antwerp, Belgium.
After being sent to Antwerp, the parcel was available for viewing one week prior to the auction.
The gem-quality diamonds were sold at the auction at an average price of $98/ct, while the near-gem-quality diamonds would be added to a September sale to take advantage of expected stronger market conditions, as well as the benefit of a larger parcel of diamonds, which would be available for sale in September.