Diamcor Mining Inc has reported an almost 49% increase in the volumes of goods sold and a 22% rise in realised vvalue  at the two tenders it has held during the fourth fiscal quarter ending on March 31, 2016. The company said that the sales from its two tenders held in January annd February saw 6,896.50 carats being sold for US $1,028,374.34, at an average price of US $149.12 per carat

The price per carat realised during the tenders were consistent with Company expectations, Diamcor said.

The miner reported that in January it had sold 3,697.33 carats of rough diamonds, for gross proceeds of US $542,540.43, resulting in an average price of US $146.74 per carat, while at the second and final tender of the current fiscal quarter completed on February 29th, the Company sold 3,199.17 carats of rough diamonds, for gross proceeds of US $485,834.09, resulting in an average price of US $151.86 per carat.

The statement added that rough diamonds recovered after February 3 and until March 31, 2016 will be recorded as rough diamond inventory on-hand for the fiscal year ending March 31, 2016.

Two big stones were recovered during the quarter, a 12.78 carat special rough diamond and a 7.50 carat rough diamond were recovered utilizing the new Tomra XRT sorting unit recently deployed at the Company’s Project.  These rough diamonds sold for US $4,747.47 per carat, and US $4,152.00 per carat respectively.