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BlueRock Diamonds unearths second diamond in excess of 20 carats from South African mine

The latest ‘sparkler’ weighed in at 20.72 carats and is of gem quality

Bluerock Diamonds Plc -

BlueRock Diamonds PLC (LON:BRD) has unearthed a second stone in excess of 20 carats from its Kareevlei mine in South Africa’s Kimberley region.

The latest ‘sparkler’ weighed in at 20.72 carats and is of gem quality. The previous diamond was 24.98 carats and was sold US$190,000.

We’ll find out how much the latest discovery fetches once the tender process is complete next month.

“I am highly encouraged by the recovery of yet another significant stone which is of a similar quality to a number of other larger stones that we have recovered recently,” said BlueRock chairman Mike Houston.

“I look forward to updating the market on the sale price following the completion of the October tender."

Quick facts: Bluerock Diamonds Plc

Price: 40 GBX

AIM:BRD
Market: AIM
Market Cap: £3.63 m
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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