Sale of 20.72 carat diamond for USD236,000

RNS Number : 2455R

BlueRock Diamonds PLC

28 October 2019

 

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

28 October 2019

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

Sale of 20.72 carat diamond for USD236,000 - record value achieved for single stone

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" or the "Project"), is pleased to announce that it has sold the 20.72 carat diamond announced on 27 September 2019 for USD236,000 (USD11,389/carat) in the October tender. This is the highest value achieved for the mine to date for a single stone; the previous record sale was the 24.8 carat stone sold in June 2019 for USD190,000 (USD7,862/carat).

The full tender results and production numbers for the quarter will be announced in the Q4 update.

Mike Houston, Executive Chairman commented, "I am pleased with the recovery and sale of yet another high value diamond which continues to underpin the increasing potential of the Kareevlei mine."

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 David Facey, FD	[e-mail] [e-mail]
SP Angel (NOMAD and Broker) Stuart Gledhill / Caroline Rowe	Tel: [phone]
Turner Pope Investments (TPI) Limited (Joint Broker) Andy Thacker / Zoe Alexander	Tel: [phone]
St Brides Partners Ltd (Financial PR) 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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