Diamond News Archives

The U.S. mortgage market shows a widening gap between winners and losers as affluent borrowers take advantage of record-low rates while protracted unemployment drives serious delinquencies to their highest levels since 2010. About 2.25 million mortgages were at least 90 days late in July...

(IDEX Online) - BlueRock Diamonds raised over $1.25m in a private sale of rough from its Kareevlei mine, in South Africa.

The British miner says the price it achieved - an average of $330 per carat for 3,805 carats - was higher than the $290 it achieved in a similar sale in June of this year, despite the ongoing pandemic.

Executive chairman Mike Houston said: "Our diamonds remain attractive to buyers even in what continues to be an uncertain market. Similar to the sale announced in June 2020, this was a private sale conducted through a sales agent in South Africa. 

"We are pleased with the price achieved which is above our internal budget and a 14 per cent increase over the price achieved in June 2020."

BlueRock also reported significant improvements in the ore processed from the Main Pit at Kareevlei, with an average grade of 5.1 cpht.

Pic courtesy BlueRock...

Most states are also rolling it out. On top of other stimulus programs and housing payment deferrals via eviction bans & mortgage forbearance

(IDEX Online) - The Irish tycoon who revived his nation's whiskey industry is seeking additional funds for diamond explorations in Botswana and South Africa.

John Teeling's Botswana Diamonds is already drilling the "very promising" M8 kimberlite at Marsfontein, Limpopo, South Africa.

Last year it reported finding diamonds come from residual unprocessed stockpiles around the mine and from diamond bearing gravels.  It is also working on the newly-acquired KX36 project, in Botswana.

It raised $650,000 in 2018 through a share placing and is now seeking another $400,000, it announced today.

John Teeling, former owner of the Cooley Distillery, in Ireland, said: "This is a very active and exciting time for Botswana Diamonds. 

"We are drilling the very promising M8 kimberlite at Marsfontein and further drilling is likely on targets identified on the adjacent Thorny River ground. 

"We have a number of active projects. The recently acquired KX36 diamond resource in the Kalahari (in Botswana) offers great potential."...