Diamcor Mining recently tendered and sold 3,062.53 carats at its Krone Endora at Venetia Project, in South Africa generating gross revenues of just above $1 million, resulting in an average price of $329.93 per carat.
It said the tender, which was held early this month included three individual rough diamonds in the specials (+10.8 carats) category, with the largest being a low quality 16.79-carat rough diamond.
Dimacor said while larger individual special rough diamonds have the potential to significantly increase the average dollar per carat achieved in any tender, this was not the case in the February tender and the strong pricing achieved was the result of increases experienced throughout all categories and assortments offered.
“We are very pleased with the results of our first tender and sale of 2022, as it confirms both the quality of our diamonds and the strength of the buyers at our tenders held in conjunction with Koin International in Dubai, UAE,” said company chief executive Dean Taylor.
“Rough diamond prices appear to have increased as a result of strong demand and low inventories, and we are continuing to work diligently on the completion of our Phase two upgrades in the coming months with an eye on further increasing our processing volumes in this positive diamond market.”
The company plans to complete a second tender and sale before the end of the first quarter.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
Exclusive
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
Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices
The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...
23 september 2024
