Vaaldiam Mining Inc.: High Diamond Value of US$338 Per Carat at Brauna

Vaaldiam Mining (TSX:VAA) announced that two independent valuations determined that 1,013.75 carats (‘cts’) of rough diamonds recovered from the south lobe of Vaaldiam’s Braúna 3 kimberlite pipe.

The press release was quoted as saying:

IES valued the parcel at US$338.71 per carat. It said the price “is very high for a kimberlite and would rank Braúna as one of the best mines in the world”. IES suggested a bench mark price of US$330 per carat as its projection of the average sales price of future production from the south lobe. IES said “the overall mixture in colour and quality make this parcel very desirable and highly marketable.”

 Robert Jackson, CEO  and President of the company says:

This is excellent for our shareholders. Investors should note the high stone value, the close proximity of these occurrences to each other and to Nordestina and the potential to add more resources in easily developed terrain.”

To access the full release, click here.