REG - BlueRock DiamondsPLC - Three Gem Quality Diamonds Sold for USD180,000

Bluerock DiamondsAnnouncement

02/12/2021 07:00

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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 (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 / Susie Geliher        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 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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