The first tender of diamonds in Antwerp to be held by Diamondcorp Plc (LON:DCP) is just four days away, with results expected on 20 September.
The company made the announcement on issuing financial results for the six months to June 2016 which showed losses at just under £250,000, as compared to £3.15 mln during the corresponding period a year ago.
The change is a significant sign of the progress the company has made in the intervening period, as the Lace diamond mine in South Africa is now fully operational.
Admittedly, there have been some teething problems along the way, as water ingress and low grades material from former workings hampered production.
But the company considers that such operational issues are “not unusual” during the ramp up phase of a mine.
Diamondcorp now has just over 7,000 carats in inventory, but by December expects to be offering parcels of 9,000 carats in each tender.