Key points
- Sales of 51,325 carats realized revenues of $7.8-million (U.S.) at an average price of $153 (U.S.) per carat.
- The average price represents a 16 per cent increase over the previous quarter’s $132 (U.S.) per carat.
- The parcel was sold in two stages: 23,780 carats in March at $181 (U.S.) per carat and 27,545 carats in February at $128 (U.S.) per carat.
- The higher March price reflected the inclusion of larger stones of two carats and above and price appreciation across all size categories.
The company has released the results of recent diamond sales. Sales of 51 325 carats realized revenues of $7.8-million (U.S.) for an average price of $153 (U.S.) per carat. This represents an increase of 16 per cent on the previous quarter’s price of $132 (U.S.) per carat.
The parcel of 51 325 carats was sold in two stages. A sale of 23 780
carats in March realized an average price of $181 (U.S.) per carat and a sale of 27 545 carats in February realized an average price of $128 (U.S.) per carat. The higher price achieved in March reflected the inclusion of a quantity of larger sized stones, two carats and above, and further price appreciation across all diamond size categories.
The company is encouraged by the continued improvement in rough diamond
prices and by the strong demand for its production.
WARNING: The company relies upon litigation protection for “forward-looking” statements.
