Namakwa Diamonds’ recent sale of rough from the Kao Mine in Lesotho has helped it realise revenues of about $11.25 million, the miner said.
The Antwerp tender, through Fusion Alternatives took place between 27 November and 4 December 2012.
It included some “magnificent stones” including an “exquisite” 88.54 carat D colour stone, a 43.01 carat D colour stone, a 1.72 carat yellow stone and a 0.70 carat vivid pink stone all of which fetched strong prices.
Namakwa said in a statement that all 80 lots offered, totalling 29,278 carats at an average diamond size of 0.2 carats per stone, were sold at an average selling price of $384.40 per carat.
The 100 percent sell through achieved, again reflects the strong demand for Kao product, it said.
“The sixth Antwerp tender of Kao product, and eleventh since January 2012, has been the largest to date,” said Namakwa chief executive Theo Botoulas.
“We have now sold a total of 167,450 carats from Kao Mine production, generating $49.55 million in revenues for the company.”
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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