Stellar Diamonds to Hold Next Auction by End of May

Stellar Diamonds to Hold Next Auction by End of May

The sale process will include gem quality stones up to 12.6 carats in weight.

Stellar Diamonds plc, the diamond development company focused on West Africa, said that its next diamond sale of up to 4,439 carats from trial mining of its Baoulé kimberlite project in the Aredor area of Guinea will take place in Dubai and Antwerp via the eDiamond auction platform during May.

The goods will be available to view in the offices of eDiamond in Dubai from May 10 to 13, and in Antwerp from May 18 to 25, with the auction expected to close at the end of May.

Interested and compliant qualified groups can arrange to view the goods by registering with eDiamond.

This second diamond sale is part of the company’s anticipated regular sales process from the trial mining of Baoulé where a total of 15,000 carats are targeted in order to establish the diamond grade, value and presence of large diamonds in the kimberlite pipe.

Stellar has commenced trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through the mining license application process. In addition, Stellar holds the three million carat Droujba project in Guinea.