Namakwa Diamonds Kao Tender Nets $6M

Namakwa Diamonds raised $5.8 million from its July sale of rough diamonds from the Kao mine in Lesotho. The tender was 100 percent sold by lot with the goods achieving an average price of $495 per carat.

Top lots from the July sale included a 54.94-carat diamond that sold for $1.02 million and a 39.79-carat stone that fetched $1.1 million. The sale also included two natural fancy pink diamonds, weighing 1.20 carats and 1.90 carats, that  achieved more than $30,000 per carat each.

The sale took place in Antwerp from July 11 to 17 and was hosted by Fusion Tenders in cooperation with I. Hennig.