Sale of 12.2 carat diamond for USD105,000

RNS Number : 1176G

BlueRock Diamonds PLC

19 July 2019

 

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

19 July 2019 

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

Sale of 12.2 carat diamond for USD105,000

BlueRock Diamonds plc, the AIM listed diamond mining company, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa ("Kareevlei"), is pleased to announce that it has sold a 12.2 carat diamond for USD105,000 (USD8,584/carat), in the July tender.

This diamond is the second most valuable diamond the Company has recovered to date, following the sale of a 24.98 carat diamond in the June tender for USD196,000.  

Mike Houston, Executive Chairman commented, "We are delighted to have received in excess of USD100,000 for this diamond and continue to be encouraged by the ongoing recovery of high quality stones.  We have made excellent progress in improving our operational practises at Kareevlei which has resulted in increased volumes and the more regular recovery of higher value stones."

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	C/O SBP Tel: [phone]
SP Angel (NOMAD and Broker) Stuart Gledhill / Caroline Rowe	Tel: [phone]
SVS Securities plc (Joint Broker) Elliot Hance	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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