In the third quarter of 2016 year, production of diamonds belonging Gem Diamonds 70% Letšeng shaft (Letšeng) fell by 15% to 24,388 carats against 28,682 carats in the second quarter.
Mining also fell by 17% compared to the same period last year. In the third quarter of 2015 on the project 29 460 carats of diamonds were mined.
On Letšeng was processed a total of 1.4 million tonnes of ore during the period, 77% of which was obtained at the fundamental kimberlite pipe, and 23% - at adjacent.
The breed was processed at the contractor's facility.
At the same time, in Gem Diamonds said that during the sales period, three diamond tender was carried out, totaling 37,990 carats, sold for $ 61.5 million at an average price of $ 1619 per carat.
At the same date, the average price reached this year amounted to $ 1785 per carat. This is below the expectations of the company, which predicted a higher number of mined diamonds weighing over 100 carats.
"Prices for high quality diamonds from Letseng remained high, with 12 stones were sold for more than $ 1 million each, during the sales period," - said CEO Klifford Elfik (Clifford Elphick).
He added that there are encouraging signs for the detection of large diamonds project Ghaghu (Ghaghoo) Botswana as extraction moved at the site from Kimberlite rock having a high diamond content.
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