StockMarketWire.com - BlueRock Diamonds said it produced and sold more diamonds in the first-quarter despite the temporary suspension in February .

For the first quarter, tonnage increased 12% to 42,409 tonnes from 38,781 tonnes a year earlier and 1,847 carats were sold, up 18% on 1,563 carats last year at a price of $371 per carat, 10% above the average price a year earlier.

Average grade was 3.41 cpht, 4% above the average for 2018.

Two large stones were recovered and sold: an 8.97 carat diamond for $74,513 and a 16.28 carat diamond for $78,947.

'I am pleased that the volumes for Q1 are at the higher end of our expectations despite the temporary suspension for 8 days in February. The average price per carat remains high reflecting the high quality of our diamonds,' said Adam Waugh, CEO.

'We commenced 7 days a week operations on the 26 March 2019, the results of which are beginning to come through assisted by significant strengthening of our mining team in Kimberley. We have further work to do in improving our operations and look forward to updating the market on our plans and production guidance for the full year in due course.'


At 8:28am: [LON:BRD] Bluerock Diamonds Plc Ord 1p share price was +0.01p at 0.24p



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