Diamcor bags $218.82 per carat in November tender


Tender sold for gross proceeds of $653, 652.23

Diamcor Mining announces the tender and sale of 2,979.67 carats of rough diamonds recovered from resumed processing exercises at the Company’s Krone-Endora at Venetia Project.  The 2,979.67 carats tendered were sold for gross proceeds of USD $653,652.23, resulting in an average price of USD $218.82 per carat. 

An additional 2,312.82 carats of rough diamonds-prior to acid wash were also delivered prior to the end of November 2018, which will be offered in a final tender of the Company’s third fiscal quarter in December 2018.

“We are pleased with the quality and value of the Project’s rough diamonds, and our efforts have shifted to increasing the volume of material being processed, and the inclusion of all size fractions up to 40.0mm moving forward”, commented Diamcor CEO, Mr. Dean Taylor.

“Initial processing of material in all size fractions is meeting Company expectations, and we look forward to the potential that the processing and incorporation of the larger material may have on our overall dollar per carat and the potential recovery of any larger rough diamonds”, added Mr. Taylor.  


Comments

Post a Comment

Popular posts from this blog

Steady Fed rate led gold & silver's CPI gains fall

Image
Gold and silver's CPI soften over steady fed rate   At the juncture Colin Shah, MD, Kama Jewelry said, “The decision by the US Fed to keep the policy rate intact for the seventh consecutive time comes as per the industry expectations. Although the inflation has cooled down, it has still not come under the Fed’s expected range, thereby deferring the possibility of three rate cuts, which we could have possibly seen during this calendar year.   As per the forecast by Fed, it has hinted that it may start slashing rates from next year onwards wherein a rate cut of 100bps is in focus. However, we will have to wait and watch how the inflation numbers play out, which will further decide the possibility of rate cuts next year.   Gold prices saw some softness post Fed’s announcement in domestic market. Since Q2 of financial year is usually a dull phase due to monsoon and shraadh, we expect the prices to remain dampened during this period. Nevertheless, we hope for the demand ...
Read more

Opsydia appoint Sales & Marketing Director

Image
Jacqui Larsson to take charge effective immediately!   The UK-based laser technology specialist has made the senior appointment to bolster its international growth and develop the company’s roster of high-profile clients.   Leading diamond and gemstone security and traceability specialist, Opsydia, has announced the appointment of Jacqui Larsson to the position of Sales and Marketing Director, effective immediately.   As a London Diamond Bourse Council Member and a Fellow of the Gemmological Association of Great Britain (Gem-A), Larsson brings to Opsydia nearly two decades of experience in the diamond, gemstone and jewellery industries. Most recently, she has specialised in bespoke jewellery production, sustainable sourcing and traceable supply chains through her eponymous company, Jacqui Larsson Fine Jewellery.   Prior to joining the trade, Larsson qualified as a chartered accountant and worked in Australia, Hong Kong, and the United Kingdom for an internati...
Read more

Women Entrepreneurs are driving innovation & growth

Image
Smriti Irani leads GJEPC Session on Empowering Women Entrepreneurs   The Gem & Jewellery Export Promotion Council (GJEPC) organised a session titled “Empowering Women Entrepreneurs in the Business of Gem & Jewellery Exports” at the Deputy Speaker Hall, Constitution Club of India in New Delhi on 19th November. The event highlighted the critical role of women in driving innovation and growth in the gem and jewellery sector.    Former Union Minister Smt. Smriti Zubin Irani was the Chief Guest, known for her advocacy for women’s empowerment, Smt. Irani shared her vision for creating a more inclusive and supportive environment for women entrepreneurs in the industry.    Prominent GJEPC members in attendance included Shri Ashok Seth, North Region Chairman; Shri Anil Sankhwal, Convener, Studded Jewellery Panel; Shri Shaunak Parikh, Convener, Banking Insurance & Taxation; Renu Sharma, Member Studded Jewellery Panel, GJEPC and Sabyasachi Ray, Executive Direct...
Read more