Diamonds That Go Over £3600 A Carat!
Ever since KimCor acquired the South African Nooitgedacht alluvial diamond mine, there’s been a buzz in the diamond industry. The news is that from .55 carats for every hundred tonnes, the recoverable diamond grade has gone up to 1.40 carats. Now this is the average sales value for the company and that’s a great way to go.
If you were to take the sales price for a carat at budget levels as around £250, KimCor diamonds, according to the company, sell at an average rate of £650 a carat. So when a 31.4 carat diamond that was discovered in their diamond mine gets sold for £3600 a carat, which is record-breaking. The diamond was sold at approximately £113000 and that is a cool £3350 more for every carat than a regular selling diamond and £2950 per carat more than KimCor’s average price.
Diamonds might have their highs and their flat periods when it comes to price per carat but there’s no holding a good diamond down. Come what may, it soars in price way above the estimated value. That really is the wonder of a rare gem and diamonds really top that list. It never fails to amaze just how high prices can go when it’s a diamond that stands out from the rest. Snob value, investment – whatever the reason, a great diamond will always find a buyer. Now we wonder just how much the asking price is going to be for the 18.5 carat stone that was mined recently at Nooitgedacht. We hear that it comes into the market sometime this month and will probably be sold by tender.
Tags: diamond news, diamond prices, Diamonds
