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Diamond sale update

25 Jan 2022 07:00

RNS Number : 4492Z
BlueRock Diamonds PLC
25 January 2022
 

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources

25 January 2022

BlueRock Diamonds PLC ('BlueRock' or the 'Company')

 

Diamond sale update

 

BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and operates the Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of South Africa, announces that it sold a 6.8 carat stone for USD63,186 in the January 2022 sale.

 

Mike Houston, Executive Chairman said, "We recently announced we had two potentially high value stones to sell in the January tender and although one fell under our $50k disclosure threshold, we are delighted to have sold a 6.8 carat stone for USD63,186. What was particularly encouraging was the average price of USD565 per carat achieved for the total January tender (2021 average: $465ct) - a reflection of the continued overall quality of Kareevlei diamonds and the strong market demand seen so far in 2022."

 

Large stones recovered in 2022/21

 

Date sold 2022

Carats

Value USD000

Value per carat USD000

January

6.8

63

9.3

Top 5 sales 2021

August

58.6

585

10

August

21.6

268

12.4

August

14.3

236

16.5

January

14.8

163

11

March

8.4

89

10.6

Notes: It is the Company policy to announce all stones sold with a value of in excess of USD50k

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

 

**ENDS**

 

For further information, please visit BRD's website www.bluerockdiamonds.co.uk or contact:

 

BlueRock Diamonds PLC

Mike Houston

David Facey, FD

 

mhouston@bluerockdiamonds.co.uk

d.facey@bluerockdiamonds.co.uk

SP Angel (NOMAD and Broker)

Stuart Gledhill / Caroline Rowe

 

Tel: +44 (0)20 3470 0470

St Brides Partners Ltd (Financial PR)

Isabel de Salis / Oonagh Reidy

 

bluerock@stbridespartners.co.uk

 

Notes to editors:

BlueRock Diamonds is an AIM-listed diamond producer which operates the Kareevlei Diamond Mine near Kimberley in South Africa which produces diamonds of exceptional quality and ranks in the top ten in the world in terms of average value per carat. The Kareevlei licence area covers 3,000 hectares and hosts five known diamondiferous kimberlite pipes with a combined inferred resource of 10.4 million tonnes / 516,200 carats (February 2021); based on its planned production of 1 million tonnes per annum, this provides a minimum 10-year life of mine. 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DISBIMPTMTTTBRT
Date   Source Headline
30th Oct 20197:00 amRNSHolding(s) in Company
28th Oct 20197:00 amRNSSale of 20.72 carat diamond for USD236,000
16th Oct 20198:00 amRNSQ3 2019 Production Update - Record Results
27th Sep 20199:30 amRNSRecovery of second diamond over 20 carats
20th Sep 201910:16 amRNSSale of 10.6 carat diamond for USD103,000
19th Sep 20199:46 amRNSDirectorate Change
2nd Sep 20198:40 amRNSInterim Results
19th Aug 20197:00 amRNSSale of 7.63 carat diamond for USD$52,000
6th Aug 201910:05 amRNSUpdate on Broker
6th Aug 20197:00 amRNSTeichmann Contract Signed
2nd Aug 20197:00 amRNSCrushing Circuit Upgrade Completed
31st Jul 20197:00 amRNSTotal Voting Rights
25th Jul 20192:01 pmRNSPrice Monitoring Extension
25th Jul 201912:30 pmRNSResult of AGM
23rd Jul 20192:45 pmRNSHolding(s) in Company
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10th Jul 20197:00 amRNSInvestor Presentation Evening
8th Jul 20197:00 amRNSQ2 2019 Production Update
28th Jun 20199:30 amRNSFinal Results and Notice of AGM
14th Jun 201911:05 amRNS24.98 carat diamond raises US$190,000 at auction
7th Jun 201912:30 pmRNSRecord 24.98 Carat Diamond Recovered
31st May 20197:00 amRNSTotal Voting Rights
23rd May 20197:00 amRNSHolding(s) in Company
17th May 201911:15 amRNSReplacement - Placing and Subscription
16th May 201912:10 pmRNSDirectors' Participation in Fundraising
16th May 201911:40 amRNSPlacing and Subscription raises £982,000
2nd Apr 20197:00 amRNSQ1 2019 Production Update
15th Mar 20199:00 amRNSMove to Continuous Operations
28th Feb 20197:00 amRNSTotal Voting Rights
22nd Feb 20197:45 amRNSTender Results
19th Feb 20197:00 amRNSHolding(s) in Company
18th Feb 20194:55 pmRNSHolding(s) in Company
12th Feb 20197:00 amRNSNew Corporate Presentation
11th Feb 20192:06 pmRNSSecond Price Monitoring Extn
11th Feb 20192:01 pmRNSPrice Monitoring Extension
11th Feb 20197:51 amRNSBlueRock Placing Raises £575,000
8th Feb 20194:02 pmRNSRecord 16.28 carat diamond recovered
7th Feb 20192:00 pmRNSTurner Pope Investor Evening
5th Feb 20197:50 amRNSContinued recovery of exceptional diamonds
30th Jan 20197:00 amRNSOperations Recommenced at Kareevlei
24th Jan 20197:00 amRNSTemporary Suspension of Operations at Kareevlei
22nd Jan 20193:20 pmRNSUpdate to Kareevlei Inferred Mineral Resource
10th Jan 201911:30 amRNSFY and 2018 Q4 Production Update
30th Nov 20187:00 amRNSUpdate on Claims and Total Voting Rights
20th Nov 20187:00 amRNSGrade of 4.51cpht on KV1 exceeds expectations
13th Nov 20184:15 pmRNSBoard Change and Director's Disclosure
2nd Nov 20184:19 pmRNSDirectors' Participation in Fundraising
2nd Nov 20184:06 pmRNSPlacing and Subscription and Board Appointment
31st Oct 20185:21 pmRNSTotal Voting Rights
25th Oct 201811:15 amRNSResult of GM and Capital Reorganisation

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