US$229 PER CARAT ACHIEVEDFROM LATEST DIAMOND SALEKimberley...

US$229 PER CARAT ACHIEVED
FROM LATEST DIAMOND SALE
Kimberley Diamond Company NL (Kimberley) (ASX: KIM) is very pleased to
announce the results of its most recent diamond sale held in Antwerp last
week.
9,528 carats of run of mine production from Ellendale Pipe 9 were offered by
closed tender. All goods on offer exceeded their reserve prices and were sold
with an average price of US$229 per carat. Prices achieved across the range
of goods sold were considerably in excess of Kimberley’s valuations and
expectations and clearly reflect the world trend of recent price increases and
anticipated future market shortages of rough stones. This is particularly
exciting in view of Kimberley’s planned production expansions.
Market conditions are normally somewhat bullish after the Christmas period
but results from this sale were well beyond the normal trend.
The tender was again held in the premises of Lazare Kaplan Belgium – co-managed
by Hermiene Tyler of Orange West Coast Diamonds and Kimberley’s
Nick Yiannopoulos, and again attracted some of the diamond world’s leading
diamantaires.