Trivalence sells more diamonds

Trivalence Mining (TMI-V) has generated proceeds of US$4.7 million by selling 11,727.6 carats of rough diamonds produced at the company’s 85%-owned Aredor mine in Guinea, West Africa.

Trivalence says its gems sold for an average of US$781 per carat and that near-gems sold for US$60 per carat. This sale was the first in the fiscal year that began July 1.

Aredor has produced more than 1.3 million carats to date. Diamond sales in fiscal 1999 totalled US$8 million, including a 146-carat diamond that sold for US$1.9 million. The alluvial concession is noted for its large stones, including ones of more than 100 carats. The two most valuable stones ever recovered sold for US$8.6 million and US$10 million.