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BlueRock Diamonds recovers largest diamond to date

"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," said executive chairman, Mike Houston.

diamond
The diamond (not pictured) will be shortly put to tender

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. 

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Price: 43.5 GBX

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BlueRock Diamonds PLC operating well and keen to expand production says FD...

BlueRock Diamond PLCs’ (LON:BRD) finance director, David Facey, says the junior was operating profitably at the year-end even after losing a month installing a new crusher at the Kareevlei mine. Combining the two pits at the South Africa-based operation will also be hugely more efficient, he...

on 26/6/20

2 min read