GJ Town India

TAGS Auction to be held during 12th to the 19th February Trans Atlantic Gem Sales (TAGS) will be holding a rough diamond tender from the 12th to the 19th February 2019 in the Almas Tower at the Dubai Diamond Exchange in Dubai. Two regular productions from South Africa and Angola will again be presented. Both materials are of high quality and high colour.  All interested parties are recommended to confirm their attendance promptly in order to ensure availability due to the high interest in the event and limited viewing appointments. TAGS are expecting in the region of 25,000 carats of South African goods and 30,000 carats of Angolan goods across a full range of sizes.  Final details will soon be forthcoming from the producers; however the event should have a combined value in excess of US$40m. Trans Atlantic Gem Sales will provide partner diamond producers with an independent online sales and marketing platform with viewing facilities. This operat...

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...

The tendering of these rough to be completed in November 2018 According to Diamcor Mining announcement, the initial tender of 2,606.50 carats of rough diamonds recovered from resumed processing exercises at the Company’s Krone-Endora at Venetia Project, an additional 5,335.83 carats of rough diamonds were delivered prior to the end of October.    A total of 2,277.47 carats of these rough diamonds were recovered as part of planned refinements to the Project’s screening systems, and were sold for gross proceeds of USD $431,701.48, resulting in an average price of USD $189.55 per carat.  The majority of material processed consisted of smaller size fractions from the lower grade upper zone of the Project in order to test the refined systems’ ability to remove fines less than 1.0mm in size at higher volumes, and thus the recovery of larger diamonds was not expected in these materials. The remaining 3,058.36 carats delivered were recovered from the subse...