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Kimberley diamonds sparkle in auction

7th March 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – ASX-listed Kimberley Diamonds on Friday announced that it had achieved the highest price per carat for its rough diamonds since taking ownership of its Ellendale mine, in February last year.

The overall price achieved at a recent auction reached $207.33/ct, which was 17.2% higher than the previous sales price in December, adjusted for sales mixtures.

The company noted that the auction saw prices rise across all rough diamond sizes and resulted in a total sale of $3.92-million.

“The demand for these Ellendale rough diamonds was very strong and this outstanding price per carat result confirms market feedback that rough prices are increasing strongly,” said Kimberley executive chair Alex Alexander.

The auction consisted of some 18 903 ct of commercial quality goods from the Ellendale mine. The rough diamonds fall outside those sold in offtake agreements.

Edited by Creamer Media Reporter

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