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 the discovery of an 11.95 carat stone. The stone will go to tender later this week with an expected valuation in excess of US$100,000.
Mike Houston, Executive Chairman said, “This is another excellent discovery that underpins Kareevlei’s ability to deliver large high value diamonds. Given the stone’s size and quality and continuing market buoyancy, we look forward to the upcoming tender to build on the success of the January sales, which achieved an average price of USD565 per carat (2021 average: USD465ct).”
Large stones recovered in 2022/21
Notes:
(1) To be sold in the February tender
(2) It is the Company’s 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
