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OFFSHORE PINK DIAMOND RAKES IN $97,000 AT AUCTION

Diamond Fields also sold other high quality white and colored diamonds for $1.1 million
pink diamond namibia mining
Credit: Diamond Fields

Diamond Fields, which executes offshore diamond mining in Namibia, has sold 47,298.18 carats of rough diamonds mined from its ML 111 licence in offshore Namibia for $1.1 million, according to Rough & Polished.

 

namibia marine diamond mining
Credit: Diamond Fields

 

The sale featured some high quality white and colored diamonds, including a 5.71-carat pink rough diamond that sold for $97,076.

 

Namibia or Zimbabwe
Credit: Chaim Even Zohar

 

Diamond Fields restarted offshore diamond mining in Namibia in November 2018. The ML 111 concession has a ten year mining licence, effective until December 2025. The company also owns and operates the Beravina Project in Madagascar; according to Diamond Fields, Beravina is a “high grade, hard rock zircon project”.



Tags: Diamonds News, Diamond Industry News, Mining News

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