Namakwa Diamonds accrued $8.2 million from the recent sales of its rough diamonds from Kao Mine in Lesotho and South Africa.
It said in a statement emailed to Rough&Polished that all 75 lots offered - totalling 25,210 carats from Kao - were sold at an average price of $269 per carat.
The sale realised revenues of about $6.8 million.
“We are very pleased with the excellent results of the Antwerp tender. Even in the face of uncertain market conditions, the Kao tenders continue to achieve 100 per cent sell-through,” said Namakwa chief executive Theo Botoulas.
He said the diamond junior had since January 2012 sold a total of 112,221 carats from Kao Mine production in the nine tenders held to date, generating $31.4 million in revenues.
Meanwhile, Namakwa said a tender for diamond production from its South African subsidiaries realised revenues of about $1.4 million.
The North West production, totalling 2,099 carats, was sold at an average price of $657 per carat, with an average stone size of 0.55 carats, it said.
“The South African production continues to perform to expectation and revenues derived from it are delivering a strong platform for growth and expansion in the North West Province,” said Botoulas.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
