Sale of 2,900 Carat Diamond Parcel

RNS Number : 4488C

BlueRock Diamonds PLC

19 October 2020

 

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

19 October 2020

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

Sale of 2,900 Carat Diamond Parcel

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 2,900 carats at an average price of US$300 per carat for an aggregate consideration of US$870,165.

BlueRock Executive Chairman, Mike Houston, said, "This is the third successful private sale conducted through an agent in South Africa at a price, which we consider competitive in the current market, demonstrating the consistent strong demand for our high quality diamonds from long-standing customers.   

"We will continue to update the market with upcoming sales both through private sales in South Africa and also our previously announced plan to export directly which remains a key objective for Bluerock."  

ENDS

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 / Cosima Akerman	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.

 

END

 

 

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