Diamcor Readies for “Largest” Rough Tender

auction-hammer-iconJohannesburg: Diamcor Mining said it is preparing a diamond inventory for its “largest” tender to date, with about 6,800 carats of rough diamonds recovered from its Krone-Endora project in South Africa set to go under the hammer.

It said in a statement that rough diamonds in this initial tender of the company’s third fiscal quarter ending December 31, 2015, would consist of about 2,800 carats of rough diamonds from material recovered and processed from the beginning of October to the 25th of the month.

The diamonds, said Diamcor, being offered for the tender would also include certain higher value rough diamonds which the company withdrew from the previous tender.

These were eight individual 2-3 carat rough diamonds, as well as one 10.93 carat “special” (+10.8 carat rough diamonds) and four additional individual “specials” ranging in size between 11.72 carats and 18.05 carats.

“Rough diamonds being tendered are the result of the continued processing of material in the +1.0mm to -26mm size fractions, along with limited processing of material from various larger size fractions during the period,” it said.