• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Diamond Market
    Diamond News
    Diamond Stocks
    • Diamond Market
    • Diamond News
    • Diamond Stocks

    Stellar Reports First Diamond Sales and Revenues

    Charlotte McLeod
    Mar. 24, 2015 04:06PM PST
    Diamond Investing

    Stellar Diamonds plc (LSE:STEL) announced its first diamond sales and revenues, noting that it sold 4,414 carats of diamonds in Antwerp for gross revenues of US$417,122.

    Stellar Diamonds plc (LSE:STEL) announced its first diamond sales and revenues, noting that it sold 4,414 carats of diamonds in Antwerp for gross revenues of US$417,122.

    As quoted in the press release:

    The sale included excellent quality white stones, with a value of US$5,000 per carat achieved for one particular five carat stone.

    The Company withheld 1,617 carats from the sale as the bid prices were not considered acceptable. These goods will be added to future exports and be offered for sale at a later date.

    Looking forward to the future, Stellar said:

    The Company is pleased with the revenues generated from the sale in what remains a challenging market for rough diamonds. Future sales will be targeted for optimum selling windows with the next sale from Stellar’s operations planned for May 2015. Further announcements will be made in due course as and when significant diamond exports or diamond sales occur.

    About Stellar Diamonds:

    Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which has commenced trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through a definitive feasibility study. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue diplomatic channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.

    Click here to read the full Stellar Diamonds plc (LSE:STEL) press release.

    rough diamondsdiamond exports
    The Conversation (0)

    Go Deeper

    AI Powered
    Top Gem and Diamond Stocks

    Top Gem and Diamond Stocks

    Close up of a rough diamond in a diamond mine.

    ASX-Listed Diamond Stocks

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×