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BlueRock Diamonds sells its largest discovered diamond for US$190,000

The sale "showcases the potential" of the Kareevlei mine.

Diamond discovered at the Kareevlei mine
It was a 24.98 carat gem quality stone

BlueRock Diamonds Plc (LON:BRD) told investors that the 24.98 carat diamond recovered from the Kareevlei mine has been sold for US$190,000 at auction.

"We are delighted with the sale of our largest diamond to date, a 24.98 carat gem quality stone, which showcases the potential of Kareevlei,” said Mike Houston, executive chairman.

READ: BlueRock Diamonds focuses on new mine plan to boost production

“We continue to make excellent progress implementing our development strategy to increase production and are clearly seeing the impact of higher throughput being achieved reflected in the number of high value stones we continue to produce.

“To this end, I look forward to providing a more detailed update in our quarterly production report, which is expected to be announced in early July."

Prior to the latest discovery, the largest diamond BlueRock had recovered was 16.28 carats, which sold for US$78,947.

Quick facts: Bluerock Diamonds Plc

Price: 83 GBX

AIM:BRD
Market: AIM
Market Cap: £4.36 m
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BlueRock Diamonds' Mike Houston on £1.9mln raise and plans to double production

BlueRock Diamonds PLC's (LON:BRD) Mike Houston caught up with Proactive London's Andrew Scott soon after announcing they've raised £1.9mln to fast track a doubling of production at its Kareevlei mine in South Africa. Houston says the additional funds will also help reduce unit costs...

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