kristin
07-10-2006, 02:16 PM
7.35 Carat Diamond Found at New Elkedra Chapada Project
(July 9, '06, 4:52 IDEX Online Reporter)
After little more than a week of continuous 24-hour processing operations at its Chapada Diamond Project in Brazil, Elkedra Diamonds NL has announced that the number and quality of diamonds recovered has been "highly encouraging." A good range of large gem quality diamonds has already been recovered, including a 7.35 carat fancy yellow diamond.
In a company release, Elkedra say "It is too early to state whether this is representative of the stone sizes that will be recovered from the deposit. However, the encouraging initial results bode well for achieving high average sales prices for the Chapada diamond production."
Elkedra is targeting for its first independent valuation and diamond sale to the Leviev Diamond group by the end of July, by which time the company believes there should be sufficient quantities of diamonds and operations data to report indicative grade and diamond values.
(July 9, '06, 4:52 IDEX Online Reporter)
After little more than a week of continuous 24-hour processing operations at its Chapada Diamond Project in Brazil, Elkedra Diamonds NL has announced that the number and quality of diamonds recovered has been "highly encouraging." A good range of large gem quality diamonds has already been recovered, including a 7.35 carat fancy yellow diamond.
In a company release, Elkedra say "It is too early to state whether this is representative of the stone sizes that will be recovered from the deposit. However, the encouraging initial results bode well for achieving high average sales prices for the Chapada diamond production."
Elkedra is targeting for its first independent valuation and diamond sale to the Leviev Diamond group by the end of July, by which time the company believes there should be sufficient quantities of diamonds and operations data to report indicative grade and diamond values.