First Lerala Mine diamonds sold :: Mmegi Online

Kimberley Diamonds Limited (KDL) has announced the conclusion of the first sale of diamonds from its Botswana-based Lerala diamond mine. After four years of closure, Lerala diamond reopened in April this year.

In a statement released this week, ASX-listed KDL said the sale of a small parcel of gem and near-gem-quality diamonds, which were sourced predominantly from historic pre-2016 run-of-mine stockpiles, was conducted by an online auction platform operated by DDA Trading BVBA, in Antwerp, Belgium.

“After being sent to Antwerp, the parcel was available for viewing one week prior to the auction. The gem-quality diamonds were sold at the auction at an average price of $98/carat, while the near-gem-quality diamonds would be added to a September sale to take advantage of expected stronger market conditions, as well as the benefit of a larger parcel of diamonds, which would be available for sale in September,” said KDL.

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