Tango Mining Limited has sold the 42.26 carat diamond recovered from run of mine gravel (ROM) from the Oena Central Area of the Oena Diamond Mine in the Republic of South Africa for a price of US$ 11,267 per carat.

The diamond was sold on tender at the Kimberley Diamond Exchange.

The Company said that during the most recent production period, which ended July 19, 2018, an additional 125.87 carats (82 diamonds) were produced from run of mine gravel. This was also sold on tender and realised an average price of US$ 945 per carat.

This parcel included stones of 10.48 carats and 7.17 carats,  which sold for US$ 2,374 and US$ 3,600 per carat respectively.

“Total diamond production was 168.13 carats (83 diamonds), from 37,020 tonnes of ROM material processed by Bluedust 7 Proprietary Limited, during the most recent production period,” the Company added.

Further, the Company said: “Diamond production from Oena, since acquisition, including production from both ROM material, as well as pan tailings and bantam material, now totals 2019 carats. These diamonds have been sold at an average price of US$ 1,290 per carat and highlights the production history of Oena which is known to produce high quality and large sized diamonds.”