The company recovered the diamonds before it was placed into business administration last month following catastrophic weather conditions and flooding.
A total of 5,129.9 carats were delivered to Johannesburg for tender. After boiling losses, a total of 5,116.6 carats were prepared for sale.
The parcel comprised run of mine production with five stones larger than 10 carats. The largest stone was a 19.43 carat non-gem diamond.
Unfortunately, all the larger goods were either non-gem, or contained carbon inclusions or cracks which resulted in reduced valuations.
The price received amounted to US$115.46 per carat. This has meant that Diamondcorp’s dollar per carat average has now dropped this year to US$146 per carat, although the recovery of one large stone could easily swing that number up again.