REG - BlueRock DiamondsPLC - Recovery of Three Large Gem Quality Stones

Bluerock DiamondsAnnouncement

17/03/2021 07:05

RNS Number : 4868S
  
BlueRock Diamonds PLC
  
17 March 2021
  
 

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
17 March 2021
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Recovery of Three Large Gem Quality Stones
 
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 recovery of three gem quality stones of 10.6 carats, 9.8 carats and 8.4 carats.
 
BlueRock Executive Chairman, Mike Houston, said, "I am very encouraged by the recovery of these three high value gem quality stones following on from the sale in January 2021 of a 14.8 carat stone for USD167,000.   The average price that we have received for the first two months of 2021 was an excellent USD423 per carat and I look forward to updating the market on the results of the March tender, when we publish our quarterly report in early April."
 
Top five Kareevlei diamonds by value to date
 



Date Recovered


Carats


Sales Value USD


Value per carat USD




October 2019


20.7


236,000


11,400




February 2019


24.9


190,000


7,900




December 2020


14.8


167,000


11,000




July 2019


12.2


105,000


8,600




September 2020*


12.1


104,000


8,600



* based on valuation as sold as part of a parcel.
 
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
 



BlueRock Diamonds PLC
Mike Houston
David Facey, FD


 
mhouston@bluerockdiamonds.co.uk
dfacey@bluerockdiamonds.co.uk




SP Angel (NOMAD and Broker)
Stuart Gledhill / Caroline Rowe


 
contact@spangel.co.uk




St Brides Partners Ltd (Financial PR)
Isabel de Salis / Cosima Akerman / Susie Geliher


 
info@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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