Diamond Fields Resources Inc announced last week that it completed the first sale of diamonds from the ML111 licence offshore Namibia since mining resumed in 2018.

The Company said that it sold a total of 47,298.18 carats of net weight unpolished diamonds and that the net proceeds attributable to it amounted to US$ 1,105,530.

All diamonds offered were sold, Diamond Fields said. This included a number of high quality white and coloured diamonds, including a 5.71 carat pink diamond that reached a final individual price of US$ 97,076.

The parcel of diamonds was produced over 65 days of mining between November 10, 2018 and January 13, 2019.

Diamond Fields said it is in the process of carrying out a review of operational performance during the Period with IMDH, which operated the campaign via its subsidiary NUTAM.

IMDH is currently undertaking an initial six-month (non-continuous) offshore diamond mining program on DFR’s ML 111 licence area. The ML 111 concession has a ten year mining licence, effective until 4 December 2025.

Pic caption: The pink diamond that sold for US$ 97,076 at the recent auction

Pic courtesy: Diamond Fields Resources