Three Gem Quality Diamonds Sold for USD180,000

RNS Number : 2957U

BlueRock Diamonds PLC

02 December 2021

 

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

2 December 2021

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

Three Gem Quality Diamonds Sold for USD180,000

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 three higher value gem quality diamonds with a combined value of USD180,000 as part of the November tender.

Mike Houston, Executive Chairman said, "The market remains remarkably buoyant as highlighted by our November tender results, which achieved an average value of USD496 per carat; this is up on the pre-Covid prices achieved in 2019 of USD415."

Large stones recovered in 2021

Date sold 2021	Carats	Value USD000	Value per carat USD000
November	7.6	67	8.9
November	7.6	61	8.0
November	6.5	53	8.1
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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