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Diamcor increases rough diamonds deliveries for current quarter’s tender

19th October 2022

By: Tasneem Bulbulia

Deputy Editor Online

     

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Canada-headquartered Diamcor Mining has delivered about 5 593 ct of rough diamonds, recovered from the processing of quarry material at the company’s Krone-Endora at Venetia project, in South Africa, for its first tender and sale of the current quarter ending December 31.

The total includes several individual gem-quality diamonds in the specials (+10.8 ct) category, with the largest being 43.55 ct in size.

Despite being the first of two planned tenders and sales in the quarter, the total rough diamonds delivered to date already represent an increase of 148% over the total carats sold in the previous quarter, Diamcor says.

“This initial delivery of rough diamonds for the current quarter continues to demonstrate our company’s ability to successfully adjust and refine operations as required to achieve sustained operational growth.

“The continued recovery of several individual gem quality rough diamonds in the +10.8 ct specials category, including the 43.55 ct stone, confirms the project’s potential to achieve strong average dollar per carat results, and the recovery of larger, higher value, gem quality diamonds,” comments CEO Dean Taylor.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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