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Baoulé Diamond Sale Set For March

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announced that its next diamond sale from trial mining of its Baoulé kimberlite project in the Aredor area of Guinea will take place in Antwerp via the DDA Trading platform during March 2016.

A total of 3,341 carats were exported in February 2016 which after cleaning has resulted in a loss of weight to 3,295 carats to be sold by auction.

The goods will be available to view in the offices of DDA Trading in Antwerp from 25th February 2016 with the auction expected to close on 8th March 2016. Interested and compliant qualified groups can arrange to view the goods by appointment only and by registering with DDA.

This diamond sale forms part of the Company’s trial mining evaluation process of the 5 hectare Baoulé kimberlite where some 100,000 tonnes is being mined and processed in order to determine with confidence the grade and diamond value of the pipe. Over 9,000 carats have been yielded to date and some 5,173 carats were sold in 2015 realising over US$700,000 in revenues.