Diamcor sells 2,606.5 carats from its Krone-Endora project
Sales of rough diamonds by Diamcor Mining’s recent tender has raked in US$ 726,588. The sale, which comprised of rough stones from the miner’s Krone-Endora at Venetia, totaled 2,606.50 carats, representing an average price of US$ 278.76 per carat.
Included in the rough diamonds tendered and sold were three individual gem quality diamonds’ in the special (+10.8 carats) category including one high quality 18.44 carat gem octahedron, and two gem quality diamonds weighing 18.57 and 14.70 carats respectively.
These special diamonds sold for gross proceeds of US$ 195,810, or US$ 3786.70 per carat. Net of these special category rough diamonds, the balance of the rough diamonds tendered and sold achieved an average price of US$ 207.76 per carat.
“We are very pleased with the results of this tender and while the recoveries in the special category point to the project’s potential, the average dollar per carat achieved before and after the inclusion of specials, is also very encouraging,” commented Diamcor CEO, Dean Taylor. “Our current efforts at the project are focused on increasing processing volumes and enhancing operating efficiency and consistency,” he concluded.