Key points
- Diamond Fields International Ltd. sold 2,373 carats at an average price of $196 (U.S.) per carat, for total gross proceeds of $465,108 (U.S.).
- This was the company’s second diamond sale of 2005, following a July sale that averaged $203 (U.S.) per carat.
- CEO Gregg J. Sedun said prices for small-size diamonds were about 24 per cent higher than a year earlier.
- Sedun attributed the lower price versus the July sale to a smaller average diamond size in this parcel.
Diamond Fields International Ltd. has made its second diamond sale of the year, consisting of 2,373 carats at an average price of $196 (U.S.) per carat, for total gross proceeds of $465,108 (U.S.).
Gregg J. Sedun, president and chief executive officer of Diamond Fields, stated: “Clearly we are experiencing continued strong demand for Diamond Fields’ high-quality Namibian product. For diamonds in the small size categories, the price was approximately 24 per cent higher than last year. The slightly lower price received for these diamonds compared to the $203 (U.S.) per carat, which the company received for its previously announced July sale, is reflective of a smaller average diamond size in this sale parcel.”
