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Diamonds & gemstones

BlueRock Diamonds sees fifth diamond valued at over US$100,000

The 12.12 carat stone was recovered in July from the company's Kareevlei mine, located in the Kimberley region of South Africa

BlueRock Diamonds PLC (LON:BRD) said a 12.12 carat diamond recovered from its Kareevlei diamond mine in South Africa in July has been valued at US$104,000.

"This is our fifth diamond recovered with a value of above US$100,000. Now that we are operating in pure Kimberlite again following the development of KV Main we expect an increasing incidence of higher value diamonds", BlueRock executive chairman Mike Houston said in a statement.

READ: BlueRock Diamonds raises cash to fast-track growth plans

The news sent shares in the miner 9.3% higher to 53p in early deals on Tuesday.