KIM kimberley diamond company nl.

makes all time record diamond sale price

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    Sydney - Tuesday - August 8: (RWE Aust Business News) - Kimberley
    Diamond Co NL (ASX:KIM) has achieved an all-time record price of $US393
    per carat from the 49th diamond sale from its Ellendale project in
    Western Australia.
    The record sale price was achieved for a parcel of 6,033.85
    carats realising total sale proceeds of approximately $US2.4 million.
    The parcel comprised run-of-mine production but excluded over 50
    per cent of the near gem Indian material which was supplied to a new
    customer.
    Executive chairman Miles Kennedy, said that while the sale was
    not based on representative run-of-mine production diamonds, it
    highlighted the outstanding results that could be achieved from targeted
    production selection.
    "As part of the growing depth of our international diamond
    marketing strategies, we will be utilising selective sales such as this
    to complement our existing sales mechanisms through our Antwerp office,"
    he said.
    "This outstanding result demonstrates the premium that our
    top-end Ellendale diamonds, particularly the stunning Kimberley yellow
    stones, attract in international markets."
    The 49th diamond sale brings Kimberley's consolidated sales since
    the commencement of production at Ellendale in 2002 to 396,568 carats,
    realising $107 million.
 
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Currently unlisted public company.

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