Summary
BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and operates the Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of South Africa, announces that it has sold six stones, each valued at over USD50k in its August 2022 sale .
Mike Houston, Executive Chairman said, "We are pleased with the results of the August tender, in which we sold a record six high-value stones, bringing the average 2022 price of the tender to USD594 per carat (2021 average: USD465ct). The market appears to have stabilised price wise, but with the ongoing pressure on the rough diamond supply side due to lower global production and sanctions on Russia, we anticipate the demand for Kareevlei's high quality parcel of diamonds to remain firm."
| Date sold 2022 | Carats | Value
USD000 |
Value per carat
USD000 |
|---|---|---|---|
| August | 11.62 | 84 | 7.2 |
| 10.02 | 81 | 8.1 | |
| 9.04 | 76 | 8.4 | |
| 6.77 | 52 | 7.6 | |
| 6.88 | 52 | 7.5 | |
| 10.35 | 50 | 4.8 | |
| July | 5.97 | 55 | 9 |
| 7.4 | 67 | 9 | |
| March | 19.3 | 116 | 6 |
| 12.7 | 128 | 10 | |
| 8.7 | 104 | 12 | |
| 6.6 | 63 | 9.5 | |
| February | 11.9 | 211 | 17.6 |
| 8.3 | 96 | 8.3 | |
| 13.6 | 78 | 5.8 | |
| 7.5 | 75 | 10 | |
| January | 6.8 | 63 | 9.3 |
Note: It is Company policy to announce all stones sold with a value in excess of USD50k.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
References and notes
Source: The company.