For Public Sale, Stellar exports more than 3K carats from Baoulé Mine to Antwerp

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More than 3K carat diamonds are shipped from the Baoulé kimberlite project to Antwerp by the Stellar Diamonds for an auction. The gems would be cleaned and sorted out before the auction. In the statement stated on February 16, it is cleared by the functionaries that the public sale (auction) is envisaged to take place in the month of March.

London-listed Stellar Diamonds, a diamond development company exported a pack of 3,341 carats from the test mining of its Guinea’s project, i.e., Baoulé kimberlite pipe to Antwerp for a planned auction. Further, in the assertion put forward by the company officials on February 16, it is preconized that prior to the planned public sale, preparatory work would be carried out that is sorting out and cleaning of the gemstones. According to the sources, this auction is the third sale of the Baoulé diamonds by Stellar Diamonds. The pronouncement too adds that based on the previous drilling results as well as current grade comprehended by the marketers the company is aiming a resource in the region of 3M carat diamonds at the mine. To date, the company has succeeded in recovering around some 8,830 carats of diamonds from its trial mining. In the year 2015, the sale of the two diamonds (extracted from the test mine) that totals 5,173 carats produced the revenues of more than $700,000.

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AuctionsBaouléGuineaStellar DiamondsLondon-listed diamond development companyBaoulé diamonds

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