Gem Quality 7.1 carat Diamond Sold

RNS Number : 3421O

BlueRock Diamonds PLC

07 October 2021

 

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

7 October 2021

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

Gem Quality 7.1 carat Diamond Sold

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 sold a 7.1 carat stone for USD64,826 in the September tender.

Mike Houston, Executive Chairman said, "We are delighted to have unearthed another high value, 7.1 carat, quality diamond, which sold at an excellent $9,100 per carat in our latest tender. The market remains buoyant, and we continue to build our reputation with our increasing run of mine production volume delivering over 95% gem/near gem quality.

"I am also pleased to report the expansion project commissioning is progressing well and a full update will be provided in our Q3 update week commencing Monday 11^th October."

Large stones recovered in 2021

Date sold 2021	Carats	Value USD000	Value per carat USD000
September	7.1	64	9.1
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

Notes: 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:

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