https://www.miningweekly.com

BlueRock sold six diamonds for more than $50 000 each at August tender

31st August 2022

By: Creamer Media Reporter

     

Font size: - +

Aim-listed BlueRock Diamonds, which operates the Kareevlei mine, in South Africa's Northern Cape province, sold six diamonds for more than $50 000 each in its August tender.

"We are pleased with the results of the August tender, in which we sold a record six high-value stones, bringing the average 2022 price of the tender to $594/ct (2021 average: $465/ct).

"The market appears to have stabilised price wise, but with the ongoing pressure on the rough diamond supply side due to lower global production and sanctions on Russia, we anticipate the demand for Kareevlei's high-quality parcel of diamonds to remain firm," says chairperson Mike Houston.

During the August tender a 6.77 ct diamond was sold for $52 000; a 6.88 ct diamond for $52 000; a 9.04 ct diamond for $76 000; a 10.02 ct diamond for $81 000; a 10.35 ct diamond for $50 000; and an 11.62 ct diamond for $84 000.

This brings the total number of Kareevlei diamonds sold for more than $50 000 to 17 for the year-to-date.

 

 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ZF Aftermarket
ZF Aftermarket

ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.

VISIT SHOWROOM 
Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 0.078s - 110pq - 2rq
Subscribe Now