Diamond Fields International Ltd. has recently sold 1,356 carats of diamonds at an average price of $203 (U.S.) per carat, for a total sale of $275,268 (U.S.). The price received for these diamonds is in line with the average price of $205 (U.S.) per carat for sales during the first half of the company’s 2005 fiscal year, and is substantially above the $146 (U.S.) per carat average price received in fiscal year 2004.
This sale included 1,296 carats of rough diamonds, sold for an average price of $205 (U.S.) per carat, produced by Diamond Field’s ship mv DF Discoverer during commissioning and initial operations through June 26. The remainder consisted of a small quantity of previously recovered stones which sold for $165 (U.S.) per carat.
Gregg J. Sedun, president and chief executive officer of Diamond Fields, stated: “This initial sale of production from our own ship is a significant milestone for our company. Moreover, the high price received is very encouraging, as it demonstrates a continued strong market for Diamond Field’s high-quality Namibian product.”
