10-07-23

IGE announces diamonds sale

IGE Resources AB (OSE: IGE) today announced the results from its latest sale of rough diamonds from the Cassanguidi, Angola mine.IGE Resources AB (OSE: IGE) today announced the results from its latest sale of rough diamonds from the Cassanguidi, Angola mine.
At today’s sale in Luanda, IGE Diamond sold 2,938 carats of rough diamonds at an average price of USD 161 per carat. The price is somewhat lower than the price received in the June diamond sale from Cassanguidi, reflecting a predominance of smaller stones this time around.

IGE is currently preparing an increase in its rough diamond production in Southern Africa. The Cassanguidi mine is the first of three IGE diamond mines expected to be in production early 2011.


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