BlueRock Diamonds PLC (LON:BRD) has recovered its largest diamond to date from the Kareevlei mine in the Kimberley region of South Africa.
The diamond is a 24.98 carat gem quality stone, which will be shortly put to tender with the results to be released on June 12.
READ: BlueRock Diamonds unveils strategic changes, funding and expansion plan
Prior to this discovery, the largest diamond BlueRock had recovered was 16.28 carats, which sold for US$78,947.
Mike Houston, executive chairman, said: "This record recovery of such a high-quality diamond is an exciting milestone and underpins why we are so confident about the potential of the Kareevlei mine. We have a comprehensive development plan to increase production and I look forward to providing further updates as we progress."
Shares surged 30% to 0.13p each in lunchtime trading.
