58.6 carat diamond sold for USD585,000

RNS Number : 1913K

BlueRock Diamonds PLC

31 August 2021

 

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

31 August 2021

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

58.6 carat diamond sold for USD585,000

Three large diamonds sold for USD1.1m

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, in accordance with its announcement policy, the sale of three recently recovered gem quality stones of 58.6 carats, 21.6 carats and 14.3 carats.  The stones were sold for USD585,000, USD268,000 and USD236,000 respectively for a total of USD1.1m.

Mike Houston, Executive Chairman said, "We are delighted with the price achieved for each of these high-quality diamonds, which brought the total sales proceeds for the August tender to USD2.1m, far exceeding the previous highest monthly sale of approximately USD900,000.  The average price per carat for the whole parcel was approximately USD800."

"Furthermore, I am pleased to report that commissioning of the transformational new plant is proceeding to plan and I look forward to updating the market in due course."

Large stones recovered in 2021

Date sold 2021	Carats	Value USD000	Value per carat USD000
August	14.3	236	16.5
August	58.6	585	10.0
August	21.6	268	12.4
May	6.3	52	8.3
March	8.4	89	10.6
March	10.7	73	6.8
March	9.8	53	5.5
January	14.8	163	11.0

Note: It is the Company policy to announce all stones sold with a value of 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.

ENDS

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

Mike Houston David Facey, FD	BlueRock Diamonds PLC	[e-mail] [e-mail]
Stuart Gledhill Caroline Rowe	SP Angel NOMAD & Broker	Tel: [phone]
Isabel de Salis  Susie Geliher	St Brides Partners Ltd Financial PR	[e-mail]

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 with a combined inferred resource of 10.4 million tonnes / 516,200 carats (February 2021); based on its planned production of 1 million tonnes per annum, this provides a minimum 10-year life of mine.

 

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