One of the diamonds
on offer at the
latest BRC-Diamond
Core tender sale
 
Toronto, Canada — MININGREVIEW.COM — 22 July 2008 – BRC DiamondCore Limited – a growth-focused African diamond explorer, created through the merger of BRC Diamond Corporation of Toronto and DiamondCore Resources of Johannesburg – has again achieved encouraging results – this time from its fourth tender sale of diamonds from its Paardeberg East and Silverstreams trial mining projects in the Northern Cape province of South Africa.

Announcing this in a media release here, the company confirmed that it latest tender sale had realised a total of US$668 845 (almost R5.4 million) from stones totalling 1 325.6 carats at an average price of US$504-56 (almost R4 040)/carat.

This comprised 400.77 carats from the Silverstreams alluvial project at an average value of US$1 219 (R9 750)/ carat; and 924.83 carats from the Paardeberg East kimberlite project at an average value of US$194.81 (R1 560)/per carat.

Silverstreams ‘special stones’ (+10.8 carats in size) totalled 40.16 carats comprising 10% by weight, and achieved a total value of US$153,737 (R1.3 million) comprising 31.5% by value. They included a 14.00-carat white irregular dodecahedron, which sold for US$7 202 (R57 600)/carat

At Paardeberg East, the quality of diamonds produced from the PK5 samples continues to be of high gem content, as indicated by the high average value achieved, including:

  • a 9.27 carat off-white dodecahedron, which sold for US$2 301 (R18 400)/ carat;
  • a 4.18 carat top white dodecahedron, which sold for US$3 398/(R27 200/carat; and
  • a 2.52 carat top white dodecahedron, which sold for US$2 729 (R21 800)/ carat.