JOHANNESBURG (miningweekly.com) – West Africa-focused Stellar Diamonds has sold diamonds valued at $505 000 at a recent auction.
The Aim-listed diamond development company on Thursday said this brought the sales from its 75%-owned Baoulé kimberlite pipe, in Guinea, to over $922 000, of which $700 644 were derived from the trial mine evaluation.
“We are delighted with the results from the latest diamond sale from Baoulé through the online auction eDiamond platform. The presence of larger, high-value stones and the stability in the rough diamond market resulted in an average price of $156/ct for the latest Baoulé run-of-mine parcel,” CE Karl Smithson commented.
Trial mining would continue and the company targeted further diamond sales for the year.