Vaaldiam gets record diamond price of $800 per carat for Chapada production
by Jo Black
Vaaldiam Resources Ltd., South America’s largest diamond producer, has achieved a record price of US$ 800 per carat from its 100% owned Chapada Diamond Mine, in Brazil.
The company sold a total of 1,967 diamonds weighing 1,116 carats, an average of 0.57 carats per stone, for gross proceeds of US$ 892,708.
The parcel was included five stones greater than 10 carats in weight, which were sold for a total of US$ 510,039, or US$ 5,791 per carat. The largest diamond in the parcel was a 30.96 carat diamond which was sold for US$ 230,033, or $7,430 per carat.
Ken Johnson, Chairman and Chief Executive Officer of Vaaldiam said, we are extremely pleased with the high sale values received for the most recent diamond production from our Chapada Mine. The sales value per carat for this parcel is 99% higher than the average sales value per carat received over the prior 12 months and reflects strong market demand and high prices for the large, high quality diamonds recovered from the Chapada deposit.
Source http://www.vaaldiam.com/news/pdf/7142008-1.pdf
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