RAPAPORT… Diamcor Mining’s rough-diamond sales rose 62% year on year
to $1.4 million in the third fiscal quarter.
The company sold 7,162 carats during the period which ends December 31, for an average price of $196 per carat, it said last week.
At its December tender, the last of the quarter, the miner garnered
$303,138 from the sale of 1,905 carats, at an average price of $159 per carat.
Diamcor had offered approximately 2,257 carats at the tender. The company will include the
unsold balance of just over 351 carats in its first tender of the fourth fiscal quarter,
which will take place in January.
Diamcor owns and operates the Krone-Endora at Venetia project in South Africa.
Image: Rough diamonds from the Krone-Endora at Venetia project. (Diamcor)
Diamcor Sells $1.4M of Rough in 3Q
The Bottom Line
- Diamcor sold 7,162 carats in 3Q at an average price of $196 per carat.
- The December tender yielded $303,138 from 1,905 carats at $159 per carat, with 351 carats unsold.
- Unsold diamonds will be offered in the first tender of the fourth fiscal quarter in January.
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