Vaaldiam Mining Inc VAALF

$338 for Vaaldiam diamonds

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Independent assessors give average per carat value of $338 for Vaaldiam diamonds

VaaldiamMining says that two independent diamond valuations of 1,013.75 caratsof goods from the south lobe of its Brauna 3 kimberlite pipe in BahiaState, Brazil, gave a per carat value at $338.

December 03, 2010

VaaldiamMining says that two independent diamond valuations of 1,013.75 caratsof goods from the south lobe of its Brauna 3 kimberlite pipe in BahiaState, Brazil, gave a per carat value at $338.

The diamonds weresieved and sized to Diamond Trading Company standards and used Novemberprices of rough diamond sales in Antwerp for the valuation, the firmsaid in a statement.

Antwerp’s International Economic Strategy(IES) company said that the price per carat “is very high for akimberlite and would rank Brauna as one of the best mines in the world."IES suggested a benchmark price of $330 per carat as its projection ofthe average sales price of future production from the south lobe. IESwrote "the overall mixture in colour and quality make this parcel verydesirable and highly marketable."

Meanwhile, the otherconsultant, Diamond Counsellor International of London, gave a value of$338.44 and said that  a range of $335 to $400 per carat could beexpected, which was "a good average price for a kimberlite" and that the"south deposit contains a wide range of good quality diamonds. It has ahigh per carat average price which should prove marketable andprofitable."

Vaalidiam President and CEO Robert Jackson said,"This is excellent for our shareholders. Investors should note the highstone value, the close proximity of these occurrences to each other andto Nordestina and the potential to add more resources in easilydeveloped terrain."

Vaaldiam holds a 20 percent interest in theBrauna project, and can raise it to 49 percent by paying partners about$6.7 million for costs incurred to complete the bulk sample which isexpected to be completed in the fourth quarter of this year.

https://www.antwerpfacetsonline.be/nc/articles/single/article/independent-assessors-give-average-per-carat-value-of-338-for-vaaldiam-diamonds/