Diamonds: Selected Information
KT

Dwyka Diamonds Ltd. said Thursday that it has concluded the sale of a 576 carats parcel of diamonds from the Company's Nooitgedacht Alluvial Mine in South Africa. The sale worth $200,000 was made to Diamdel, De Beers rough diamond trading subsidiary. The average price received for this parcel of diamonds was US$347/ct, confirming the high quality of Nooitgedacht stones. In addition to the sale, a parcel of 70.39 carats of exceptional stones has been kept aside for selective marketing. It is anticipated that significantly higher prices than US$350/ct will be achieved for these stones. Chief Executive Melissa Sturgess said: "The US$347 per carat average value of these diamonds from Nooitgedacht is a direct reflection of our redevelopment of this project." "Following the introduction of new extraction methods and sorting equipment at Nooitgedacht we have significantly reduced costs, improved grades and increased the recovery of high value stones," Sturgess said.