RAPAPORT… Tango Mining sold a 5.28-carat rough diamond for $7,730 per carat, boosting sales from its Oena project in South Africa.
The diamond was one of 190 stones totaling 333.25 carats, which the miner sold at a tender at the Kimberley Diamond Exchange in the third quarter ending May 31. The miner achieved an overall
average price of $1,198 per carat for rough at the sale.
The miner also sold three stones weighing a combined 34.45
carats from its African Star Minerals project, including a 29.31-carat diamond,
which garnered $3,224 per carat.
In addition, Tango is conducting trial mining in Angola and
is carrying out an exploration project in Liberia.
Image: Oena mine. (Tango Mining)
Tango Sells Diamond for Nearly $8K/ct.
The Bottom Line
- Tango Mining sold a 5.28-carat rough diamond for $7,730 per carat at the Kimberley Diamond Exchange tender.
- The company sold 190 stones totaling 333.25 carats, achieving an average price of $1,198 per carat for rough diamonds.
- Tango also sold three diamonds totaling 34.45 carats from its African Star Minerals project, including a 29.31-carat stone at $3,224 per carat.
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