Key points
- Diamond Fields International sold 1,356 carats of diamonds for a total of $275,268 (U.S.), averaging $203 per carat.
- The sale included 1,296 carats of rough diamonds produced by the mv DF Discoverer during commissioning and initial operations through June 26, sold at $205 per carat.
- The remaining previously recovered stones sold for $165 per carat, and the $203 average is in line with the $205 average for first-half fiscal 2005 sales and above the $146 average for fiscal 2004.
- President and CEO Gregg J. Sedun called the sale a significant milestone for the company’s own ship and cited a continued strong market for Namibian production.
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.”
