RAPAPORT… Lesotho-focused miner Namakwa Diamonds will sell a
29.59-carat, fancy-pink rough stone in Antwerp this fall.
The company discovered the diamond at its KAO mine in the
African country on June 12, according to brokerage firm Bonas-Couzyn, which
will facilitate the sale. The stone — named the Rose of KAO — will appear in
Antwerp for viewings from September 17 to 28, and bidding in an online tender will
close October 1. The auction is part of the fourth sale of KAO goods this year.
Namakwa owns and operates the KAO mine through its
subsidiary, Storm Mountain Diamonds. The asset has a record of producing
fancy-color diamonds: The miner recovered the 36.06-carat Pink Storm in
December 2013, and sold it the following month.
30-Carat Fancy Pink Set for Antwerp Sale
The Bottom Line
- Namakwa Diamonds discovered a 29.59-carat fancy-pink rough diamond at its KAO mine in Lesotho on June 12.
- The Rose of KAO will be available for viewing in Antwerp from September 17 to 28, with an online auction closing on October 1.
- This sale is part of Namakwa's fourth auction of KAO mine goods in 2024, continuing its history of producing notable fancy-color diamonds.
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