Jun 17, 2019

BlueRock Sells 25Ct Diamond for US$ 190,000

BlueRock Diamonds announced recently that the 24.98 carat rough diamond, the largest recovered to date from the Kareevlei Diamond Mine in the Kimberley region of South Africa, achieved a price of US$ 190,000 at auction.

The diamond had been recovered earlier this month,

Prior to this, the largest diamond recovered at the mine was 16.28 carats, which sold for US$ 78,947, BlueRock said.

Mike Houston, Executive Chairman commented, “We are delighted with the sale of our largest diamond to date, a 24.98 carat gem quality stone, which showcases the potential of Kareevlei. We continue to make excellent progress implementing our development strategy to increase production and are clearly seeing the impact of higher throughput being achieved reflected in the number of high value stones we continue to produce.”

The Company said it will provide a more detailed update in its quarterly production report, which is expected to be announced in early July.