RAPAPORT… BlueRock Diamonds garnered $1.1 million from the sale of three rough stones at its August tender, achieving its highest per-carat prices all year.
The miner sold the biggest of the stones, weighing 58.6 carats, for $585,000, or $10,000 per carat, it said Tuesday. That diamond was the largest BlueRock has ever recovered from its Kareevlei mine in South Africa.
Meanwhile, the company also found buyers for a 21.6-carat stone, which fetched $268,000 — or $12,400 per carat — and a 14.3-carat diamond, which went for $236,000, or $16,500 per carat.
The values achieved by the large stones brought the miner’s sales for the August tender to $2.1 million, its highest monthly sale total to date, said BlueRock CEO Mike Houston. Its previous record for a tender was $900,000.
Image: The 58.6-carat diamond. (BlueRock Diamonds)
BlueRock Sells Three Large Diamonds for over $1M
The Bottom Line
- BlueRock Diamonds sold three rough stones totaling $1.1 million at its August tender.
- The largest stone, 58.6 carats, sold for $585,000, or $10,000 per carat, the biggest recovered from its Kareevlei mine.
- The August tender reached $2.1 million in total sales, the company’s highest monthly figure, surpassing the previous $900,000 record.
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