Oct 252013
 
91ct rough diamond

91ct rough diamond

Diamcor Mining is a small publicly traded company (DMI.V) that is based out of Canada and is actively mining in South Africa.  I had the pleasure of taking taking my GIA G.G. program with one of their high level staff.

I follow the companies press releases just to see what they are doing.  For years they were processing diamond tailings from and old mine and seemed to ‘get by’ but not much else.   They started working a new diamond mine earlier this year and it looks to be paying off!  They recently sold this 91.72ct rough diamond that they pulled up for $817,920.00 (US).

I don’t think they released any color/clarity information on the stone, guess that is up to the buyer to estimate but it certainly is an excellent octahedron example.  91ct… oh to dream.  Nice job guys!  If their mine can pull a few of these guys out a year they will find their stock pricing heading up for sure.

SA-Oct-2013-026

Oct 112013
 

Today Gem Diamonds set a new price per carat record at their Letšeng mine in Lesotho.   The mine already holds the record for the the highest dollar per carat kimberlite mine in the world.

Today they announced the sale of a 12.47ct blue diamond for $7.5 million dollars, or $603,047 per carat.  The sale was via tender in Antwerp, Belgium – they also sold an 82ct white diamond a the same tender for $4.8 million.

The diamond may not look  super blue to most, but the diamond will be cut in the best possible way to maximize the blue of the diamond… or at least it better for $7.5 million!

12.47ct Blue Diamond - Rough

12.47ct Blue Diamond – Rough

12.47ct Blue Diamond - Rough

12.47ct Blue Diamond – Rough

Photos courtesy of Gem Diamonds Limited