RE: Eluvial Diamonds16 Oct 2025 10:31
It's all just splitting hairs, they all originate from Kimberlites and Lamproite pipes, the other names are just that they come from pipes destroyed by Earth events, quakes, flooding etc, spreading across a wider area, near to the originating pipe, or washed much further away. The Zimbabwe Geological society has identified over 200 pipes all over the country, not just Marange. So plenty of potential targets, IF/WHEN Vast return to mining for more in Zimbabwe.
Marange has been illegally mined by thousands of locals, Mugabe's boot boys , etc , etc since 2006, none expecting to find a mother lode after all this time, it has produced tens of millions of carats, mostly low grade spreads (Alluvial/Eluvial/Placer deposits) What it does hold is BULK DIAMONDS of varying mostly low quality BUT all bring revenues at the Auction.
De Beers had the license before AFCR (Now Vast) and gave it back, as they determined never going to have the quality stones they looked for. AFCR quickly staked the claim and found a sweet spot and Mugabes boys moved in.
What has never been known, was the standard of that first find. The High Court insurance valuation by London dealers sight unseen, was $18m/£15m based on nothing but the original parcel size at the going price average for Zimbabwe $139 pc. (2024 ave $92 pc) and did not include the bonus 6k additional gem quality bag.
For all we know, that sat in the dark for 20 years bag found by AFCR after De Beers abandoned the license, could be Marange's MOTHER LODE........ 😉
Summary, all valuations 100% GUESSWORK by all on this board, until AP reveals further details on any contained quality gemstones, ASI 's 4c's etc, or alternately, he delights the market with and RNA update via GNW/rns, with some details of a first LOT sale and it exceeds his upped since parcel returned expectations.
Last RNA update suggested, sales should have commenced during the current period of silence but until we see that flashing red dot , to say some/all have
made a sale the assumption is , its still all ceo's favourite line, it's to be SOON !