24.98 carat diamond raises US$190,000 at auction

RNS Number : 3373C

BlueRock Diamonds PLC

14 June 2019

 

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources

14 June 2019

BlueRock Diamonds PLC ('BlueRock' or the 'Company')

24.98 carat diamond raises US$190,000 at auction

BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and operates the Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of South Africa, is pleased to announce the sale of the 24.98 carat diamond (the 'Diamond'), recovered earlier this month as reported in the Company's announcement of 7 June 2019. The Diamond achieved an auction price of US$190,000.

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. To this end, I look forward to providing a more detailed update in our quarterly production report, which is expected to be announced in early July."

Market Abuse Regulation (MAR) Disclosure 

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

For further information, please visit BRD's website www.bluerockdiamonds.co.uk or contact:

BlueRock Diamonds PLC Mike Houston, Executive Chairman David Facey, FD	[e-mail] [e-mail]
SP Angel (NOMAD and Broker) Stuart Gledhill / Caroline Rowe	Tel: [phone]
SVS Securities plc (Joint Broker) Tom Curran	Tel: [phone]
Turner Pope Investments (Joint Broker) Lewis Jones/Andy Thacker	Tel: [phone]
St Brides Partners Ltd (Financial PR) Melissa Hancock / Juliet Earl	Tel: [phone]

Notes to editors:

BlueRock Diamonds is an AIM-listed diamond producer which operates the Kareevlei Diamond Mine near Kimberley in South Africa which produces diamonds of exceptional quality and ranks in the top ten in the world in terms of average value per carat. The Kareevlei licence area covers 3,000 hectares and hosts five known diamondiferous kimberlite pipes. As at November 2018, it was estimated that the remaining Inferred Mineral Resource from the four kimberlite pipes (KV1, KV2, KV3 and KV5) represents a potential inground number of carats of 367,000.

 

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