Information  X 
Enter a valid email address

BlueRock DiamondsPLC (BRD)

  Print      Mail a friend

Monday 19 October, 2020

BlueRock DiamondsPLC

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

 

[email protected]

[email protected]

SP Angel (NOMAD and Broker)

Stuart Gledhill / Caroline Rowe

 

Tel: +44 (0)20 3470 0470

St Brides Partners Ltd (Financial PR)

Isabel de Salis / Cosima Akerman

 

Tel: +44 (0)20 7236 1177

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DISEKLBFBBLEFBK

a d v e r t i s e m e n t