BlueRock Diamonds Sold Four High-Value Diamonds in March

By Joe Hoppe

BlueRock Diamonds PLC said Tuesday that it sold four high-value diamonds in March for significantly more than 2021’s average price per carat.
The owner of the Kareevlei diamond mine in South Africa said it sold four larger gem quality stones for an average tender price of more than $1,000 dollars per carat, up significantly from the 2021 average of $465 per carat. This follows strong tenders in January and February, which recorded an average price of around $600 per carat.

The company said the diamond market is being influenced by the current geopolitical situation, driving up prices, coupled with a tight supply of rough diamonds, and that it expects strong persistent demand for its gems.
BlueRock added that it is focussed on ramping up its new processing plant, which will see production almost double to between 36,000 and 43,000 carats.
“2022 will be a transformational year and we look forward to the road ahead amid positive market fundamentals,” Executive Chairman Mike Houston said.
Write to Joe Hoppe at joseph.hoppe@wsj.com