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Marco Carniello: We want to continue to be the engine boosting the jewellery industry

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Stellar recovers “large” diamonds from Guinea trial mining

23 october 2014
Stellar Diamonds has recovered “large” diamonds from the trial mining production of the five hectare Baoulé kimberlite pipe in Guinea.
It said in a statement emailed to Rough & Polished that gems recovered were 5.5 (octahedron), 5.1 (octahedron), 3.0, 1.9, 1.5, 1.3 and 1.2 carats.
The diamond development company had recovered about 196 carats to date from kimberlite ore at an average grade of 17cpht exceeding minimum grade expectation of 13cpht.
It said gem diamonds represent about 57 percent of the diamond population recovered, with 43 percent being classified as industrial or near gem.
Trial mining, said Stellar, was expected to generate cash flow from first diamond sale targeted before year end 2014.
“We believe that this suggests that Baoulé has a large stone size distribution which would be consistent with our expectations, knowing that the Aredor area of Guinea has produced some spectacular stones over many years.”
He said the processing plant, which was commissioned in September, was working well and the company would increase volume throughput over the coming weeks.
“It is our intention to make a diamond export in November and thus begin our cycle of exports and sales for the duration of the trial mining period,” he said.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished