BlueRock Diamonds, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa (“Kareevlei”), has reached record monthly diamond sales of ZAR 3.25 million ($226,400) in October.
Bluerock also reported record monthly number of carats sold at auction of 609.84, with an average value per carat of $371.25.
Adam Waugh, CEO of BlueRock Diamonds, commented: “Our October tender result continues to show the high quality of Kareevlei diamonds. The average price of $371 per carat was achieved without any exceptionally large diamonds, the largest being 5.5 carats. We have been able to demonstrate that the mine can be operated on a profitable basis and our team are now concentrating on sustainable improvements to production whilst we start to mine the expected higher grade ore”.
