REG - BlueRock DiamondsPLC - Diamond sale update

Bluerock DiamondsAnnouncement

25/01/2022 07:05

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RNS Number : 4492Z  BlueRock Diamonds PLC  25 January 2022

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

25 January 2022

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

 

Diamond sale update

 

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 a 6.8 carat stone for USD63,186 in the
January 2022 sale.

 

Mike Houston, Executive Chairman said, "We recently announced we had two
potentially high value stones to sell in the January tender and although one
fell under our $50k disclosure threshold, we are delighted to have sold a 6.8
carat stone for USD63,186. What was particularly encouraging was the average
price of USD565 per carat achieved for the total January tender (2021 average:
$465ct) - a reflection of the continued overall quality of Kareevlei diamonds
and the strong market demand seen so far in 2022."

 

Large stones recovered in 2022/21

 

 Date sold 2022    Carats  Value USD000  Value per carat USD000
 January           6.8     63            9.3
 Top 5 sales 2021
 August            58.6    585           10
 August            21.6    268           12.4
 August            14.3    236           16.5
 January           14.8    163           11
 March             8.4     89            10.6

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 (http://www.bluerockdiamonds.co.uk/)  or
contact:

 

 BlueRock Diamonds PLC

 Mike Houston                           mhouston@bluerockdiamonds.co.uk

 David Facey, FD                        d.facey@bluerockdiamonds.co.uk
 SP Angel (NOMAD and Broker)

 Stuart Gledhill / Caroline Rowe        Tel: +44 (0)20 3470 0470
 St Brides Partners Ltd (Financial PR)

 Isabel de Salis / Oonagh Reidy         bluerock@stbridespartners.co.uk

 

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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