Diamond Fields Reports Latest Diamond Sale

Key points

  • A total of 2,630 carats of diamonds were sold in late April at an average price of $200 (U.S.) per carat.
  • Gross proceeds from the sale totaled $526,149 (U.S.).
  • The diamonds sold were mined in the Diaz reef section of Diamond Fields’ Namibian licences.
  • The parcel included two fancy colour stones, a 0.45 carat pink and a 1.70 carat blue, which together sold for $28,889 (U.S.), with the blue stone fetching $16,434 (U.S.) per carat, a record price for the project.

Diamond Fields International Ltd. has provided the result of its

latest sale of 95-per-cent gem quality diamonds recovered from its Namibian marine

operations. A total of 2,630 carats of diamonds were sold in late April at an average

price of $200 (U.S.) per carat for gross proceeds of $526,149 (U.S.).

Roger Daniel, president and chief executive officer of Diamond Fields, commented: “This sale

again confirms the quality of DFI’s marine diamond resource. The diamonds sold

in the latest parcel were mined in the Diaz reef section of Diamond Fields’

licences. The sale included two stones classified as fancy colours: a pink

stone weighing 0.45 carats and a light blue stone of 1.70 carats, which

combined, sold for a total of $28,889 (U.S.) with the blue stone fetching a price

of $16,434 (U.S.) per carat — a new record price per carat for diamonds recovered

from our Namibian project area.”

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