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Diamcor Sells 92-Carat Rough Stone for $818K

Oct 24, 2013 11:09 AM   By Jeff Miller
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RAPAPORT... Diamcor Mining Inc. sold a 91.72-carat, gem-quality octahedron rough diamond for $817,920, or $8,918 per carat. It was the first gem-quality diamond sold by the mining company in the 50-carat-plus category. large diamond The diamond was sold as part of a 2,654.63-carat parcel of rough diamonds from the company's Krone-Endora at Venetia diamond project that generated proceeds of $1.15 million.

The majority of rough diamonds sold were recovered in conjunction with ongoing testing and commissioning exercises  on the lower-grade upper zone material; nonetheless,  the value per carat achieved from the sale exceeded the company's expectations.

To date, Diamcor Mining has sold 14,110.48 carats for  $2.93 million, or $207.51 per carat on average from the ongoing commissioning and testing exercises.

Tags: diamcor, Jeff Miller, Rough Diamonds, sale, tender
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