A tender of rough goods from Namakwa Diamonds' subsidiaries in the North West Province of South Africa raised US$970,000.
The
February 18-21 tender featured 1,962 carats of goods with an average
stone size of 0.5 carats that were sold at an average price per carat of
US$496.
Chief Executive Officer Theo Botoulas says: "The tender achieved satisfactory results with certain articles selling at above expected premiums.
"We
are pleased with the overall results achieved. Our North West product
continues to receive a lot of interest from local and international
buyers."
Namakwa's mining activities are mainly focused on the Kao mine in Lesotho,
where the main pipe represents 183 million tonne resource of around
11.6 million carats. Namakwa holds a 62.5 percent share in the operation
which is operated by Storm Mountain Diamonds.
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