Diamcor just found this rare green diamond at S. Africa project

Cecilia Jamasmie | May 30, 2017 | 6:58 am Africa Canada Europe Diamond 
Diamcor just found this rare green diamond at S. Africa project
This 91-72-carat diamond, sold in 2013 for almost $818K, is one of the many gem-quality octahedron rough diamonds unearthed so far at the Krone-Endora at Venetia project. (Image courtesy of Diamcor Mining )

Canada’s Diamcor Mining (TSX-V:DMI) said Tuesday it has found a 5.36-carat green gem quality octahedron rough diamond from its Krone-Endora project in South Africa, located next to De Beers’ Venetia mine, the world’s third largest.

While the significance of this rough green diamond is currently uncertain, the company said that given the rarity and potential high value of green diamonds, an analysis of the recently-found rock will be performed over the coming weeks.

The stone has been shipped to Antwerp along with other rough diamonds recovered from the ongoing efforts and processing underway at the project, Diamcor said.

Krone-Endora previously belonged to diamond giant De Beers, but Diamcor officially acquired the project in February 2011.

Diamcor just found this rare green diamond at S. Africa project

Diamcor and De Beers mines in Limpopo, South Africa. (Image courtesy of Diamcor Mining )

The project is located directly adjacent to De Beers’ Venetia mine, which is South Africa’s largest diamond mine, accounting for over 50% of the country’s annual output.

Prices for coloured diamonds have increased in the past two years. In June 2016, a massive intense blue diamond, known as The Cullinan Dream, fetched $25.4 million at a Christie’s auction in New York, breaking all records and becoming the most expensive gem of its kind ever sold at auction.

And last month in Hong Kong, the 59.60-carat “Pink Star” sold for a record $71.2 million, a price that highlighted the galloping market for coloured gems.

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Comments

  • Altaf

    The advantage with Octahedron diamonds is the wastage will be less. They can get two identical (almost) princess cut or emerald cut gems with minimal loss. Of course the impurities inside play a part in determining the shape based on where the impurity is. In case if it is IF or VVS clarity, the wastage is minimal.
    Pink and blue are in demand but dont know about green.

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