Sale of 7.63 carat diamond for USD$52,000

RNS Number : 4096J

BlueRock Diamonds PLC

19 August 2019

 

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

19 August 2019 

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

Sale of 7.63 carat diamond for USD$52,000

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" or the "Project"), is pleased to announce that it has sold a 7.63 carat diamond for USD52,000 (USD6,815/carat), in the August tender.

This is the fifth diamond that has been sold this year at a price in excess of USD50,000 realising a total sale price of USD500,000.

Mike Houston, Executive Chairman commented, "The continued and improving regularity of discovery of high-quality stones underpins the potential value of the Project and the effectiveness of our recent improvements in operational practises.  I look forward to updating our shareholders on further developments at Kareevlei as we continue to implement operational initiatives to optimise the performance of the 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, Executive Chairman David Facey, FD	C/O SBP Tel: [phone]
SP Angel (NOMAD and Broker) Stuart Gledhill / Caroline Rowe	Tel: [phone]
Turner Pope Investments (Joint Broker) 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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