ALROSA SELLS $2.2 MILLION OF POLISHED AT ISRAEL DIAMOND EXCHANGE

Alrosa sold 14 polished diamonds weighing a total of 108 carats, and 48 fancy colored polished diamonds weighing 131.6 carats in total.

Companies from Israel, the US, Belgium, India, Hong Kong and Russia participated in the tender. The next polished tender in Israel is scheduled for this fall.

Pavel Vinikhin, Director of the DIAMONDS ALROSA cutting division, commented: “There is a continued interest in large polished diamonds over 3 carats in the market. Our assortment mostly consists of such stones.

In Israel, we presented polished diamonds of different colors and cuts. Despite the relatively weak market, the auction went well, and we are pleased with the results”.

Source: DCLA

ALROSA SELLS $2.2 MILLION OF POLISHED AT ISRAEL DIAMOND EXCHANGE

Alrosa sold 14 polished diamonds weighing a total of 108 carats, and 48 fancy colored polished diamonds weighing 131.6 carats in total.

Companies from Israel, the US, Belgium, India, Hong Kong and Russia participated in the tender. The next polished tender in Israel is scheduled for this fall.

Pavel Vinikhin, Director of the DIAMONDS ALROSA cutting division, commented: “There is a continued interest in large polished diamonds over 3 carats in the market. Our assortment mostly consists of such stones.

In Israel, we presented polished diamonds of different colors and cuts. Despite the relatively weak market, the auction went well, and we are pleased with the results”.

Source: DCLA

Rare Golconda Diamonds

The Nizam of Hyderabad’s diamond encrusted ceremonial sword and Shah Jahan’s jade hilted dagger are some of the items being put up for auction.

Several precious artefacts of the Nizam era and diamonds mined from Golconda during the Qutb Shahi period will be put up for auction at global auction house Christie’s at New York on June 19. The diamonds, better known as the Golconda Diamonds, are flawless precious stones expected to fetch a whopping amount of money for the auctioneers.

The event by the 253-year-old auction house is titled ‘Maharajas and Mughal Magnificence’. According to reports, several precious Golconda diamonds are being put up for auction along with the Nizam of Hyderabad’s diamond encrusted ceremonial sword set with diamonds, rubies and emeralds.

Among these, one of the most precious stones is the 10.46 carat Pink Golconda diamond. An internally flawless stone, the value of the diamond is estimated to be between $1.5 – $2 million. The diamond was unearthed during the Qutb Shahi era from the banks of river Krishna, 200 km southeast of Golconda.

Source: DCLA

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Rare Golconda Diamonds

The Nizam of Hyderabad’s diamond encrusted ceremonial sword and Shah Jahan’s jade hilted dagger are some of the items being put up for auction.

Several precious artefacts of the Nizam era and diamonds mined from Golconda during the Qutb Shahi period will be put up for auction at global auction house Christie’s at New York on June 19. The diamonds, better known as the Golconda Diamonds, are flawless precious stones expected to fetch a whopping amount of money for the auctioneers.

The event by the 253-year-old auction house is titled ‘Maharajas and Mughal Magnificence’. According to reports, several precious Golconda diamonds are being put up for auction along with the Nizam of Hyderabad’s diamond encrusted ceremonial sword set with diamonds, rubies and emeralds.

Among these, one of the most precious stones is the 10.46 carat Pink Golconda diamond. An internally flawless stone, the value of the diamond is estimated to be between $1.5 – $2 million. The diamond was unearthed during the Qutb Shahi era from the banks of river Krishna, 200 km southeast of Golconda.

Source: DCLA

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Vutomi to sell diamonds recovered from South Africa project

Botswana Diamonds associate Vutomi has received approval to sell diamonds recovered during a bulk sampling programme at the Thorny River project in South Africa.

The Thorny River bulk sampling project is a joint venture between SouthernEra, Palaeo and Vutomi.

SouthernEra holds a 40% interest in the project and provides processing services while Palaeo holds a 40% stake and serves as the mining contractor. The remaining 20% interest is owned by Vutomi, which provides the ground.

Until 10 June, 256 carat of rough diamonds were recovered. Sale of these diamonds from the bulk sampling will fund further development by Vutomi, in which Botswana holds a 40% stake.

The trenching programme has identified a hotspot at the project site with a thick, 4m wide kimberlite intersection, indicating a kimberlite blow.

According to Botswana Diamonds, the bulk sampling programme is expected to generate short-term cash flow while developing the mineral resource.

Botswana Diamonds’ partner, SouthernEra Diamonds, has included its coarse tailings dumps produced from the mining of the Marsfontein and Klipspringer diamond mines into the same revenue share partnership agreement.

Vutomi has obtained a Section 27 mining permit for a portion of the contiguous Marsfontein farm.

Part of this farm hosts rich M8 kimberlite dyke, bordering the Marsfontein diamond mine.

Botswana Diamonds is a diamond exploration and project development company with exploration licences in Botswana and South Africa.

Source: DCLA

Vutomi to sell diamonds recovered from South Africa project

Botswana Diamonds associate Vutomi has received approval to sell diamonds recovered during a bulk sampling programme at the Thorny River project in South Africa.

The Thorny River bulk sampling project is a joint venture between SouthernEra, Palaeo and Vutomi.

SouthernEra holds a 40% interest in the project and provides processing services while Palaeo holds a 40% stake and serves as the mining contractor. The remaining 20% interest is owned by Vutomi, which provides the ground.

Until 10 June, 256 carat of rough diamonds were recovered. Sale of these diamonds from the bulk sampling will fund further development by Vutomi, in which Botswana holds a 40% stake.

The trenching programme has identified a hotspot at the project site with a thick, 4m wide kimberlite intersection, indicating a kimberlite blow.

According to Botswana Diamonds, the bulk sampling programme is expected to generate short-term cash flow while developing the mineral resource.

Botswana Diamonds’ partner, SouthernEra Diamonds, has included its coarse tailings dumps produced from the mining of the Marsfontein and Klipspringer diamond mines into the same revenue share partnership agreement.

Vutomi has obtained a Section 27 mining permit for a portion of the contiguous Marsfontein farm.

Part of this farm hosts rich M8 kimberlite dyke, bordering the Marsfontein diamond mine.

Botswana Diamonds is a diamond exploration and project development company with exploration licences in Botswana and South Africa.

Source: DCLA

Bluerock Diamonds’ shares jump on record find

BlueRock Diamonds shares were up 15% on the London Stock Exchange Friday after the miner announced it had recovered its largest diamond to date, a 24.9 carat gem quality stone.

BlueRock owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa. The miner’s largest diamond prior was 16.28 carats, which sold for $78,947.

“This record recovery of such a high-quality diamond is an exciting milestone and underpins why we are so confident about the potential of the Kareevlei mine. We have a comprehensive development plan to increase production and look forward to providing further updates as we progress,” executive chairman Mike Houston said in a media statement.

The diamond will be put to tender, the results of which will be announced June 17, the company said.

BlueRock’s shares were priced at 11 pence on the LSE late Friday, on a day that saw trading volume at 61.9 million, mover six times the average daily trading volume is 9.5 million. The company has a £1.8 million market capitalization.

Source: DCLA