Diamcor Mining has so far sold 4 330.24 carats from its Krone-Endora at Venetia project, in South Africa in the quarter ending September 30, realising gross revenues of $1.02-million.
The diamonds were sold at an average price of $236.44 per carat.
Diamcor said results of the August diamond tender continue to show the potential for an increased average dollar per carat value from its project.
The first July auction saw 1 560.39 carats of rough diamonds being sold for $271 509 or at an average price of $174 per carat.
An additional 1 429.15 ct of rough diamonds were also recovered and sold in July for $472 576 or $330.67 per carat.
The company’s third tender of the quarter was completed in late August, which saw 1 340.70 carats being sold for $301 812 or $225.12 per carat.
Diamcor has slated additional rough diamonds tender this month.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
Exclusive
Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year
The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...
04 november 2024
Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future
Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...
28 october 2024
Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki
The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...
14 october 2024
James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration
London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...
07 october 2024
Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products
Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...
30 september 2024
