Key points
- Net proceeds attributable to Diamond Fields totaled $1,105,530 (U.S.).
- All 47,298.18 carats of unpolished diamonds offered for sale were sold.
- A 5.71-carat pink diamond fetched $97,076 (U.S.), the top individual price in the sale.
- The parcel was mined over 65 days between November 10, 2018 and January 13, 2019.
Diamond Fields Resources Inc. has released the results of the first sale of diamonds from the ML111 licence offshore Namibia since mining resumed in 2018.
Net proceeds attributable to the company of $1.1-million (U.S.);One 5.71-carat pink diamond sold for $97,076 (U.S.);All 47,298 carats offered for sale were sold.
- Net proceeds attributable to the company of $1.1-million (U.S.);
- One 5.71-carat pink diamond sold for $97,076 (U.S.);
- All 47,298 carats offered for sale were sold.
A total of 47,298.18 carats of net weight unpolished diamonds were sold. The net proceeds attributable to the company amounted to $1,105,530 (U.S.).
The sale included a number of high quality white and colored diamonds, including a 5.71 carat pink diamond that reached a final individual price of US$97,076. All diamonds offered for sale were sold, samples of the products can be viewed on the Company’s website.
The parcel of diamonds was produced over 65 days of mining between November 10, 2018 and January 13, 2019 (“the Period”). The Company is in the process of carrying out a review of operational performance during the Period with IMDH, which operated the campaign via its subsidiary NUTAM.
DFR is a TSX Venture Exchange listed exploration and mine development company with assets in Madagascar and Namibia. In Madagascar, DFR is developing the Beravina Project, an advanced high grade hard rock zircon exploration prospect located in the west of the country, approximately 220km east of the port of Maintirano and near a state road. In Namibia, International Mining and Dredging Holdings (Pty) Limited is undertaking an initial six month (non-continuous) offshore diamond mining program on DFR’s ML 111 licence area.
