Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Shares of AIM-listed diamond producer BlueRock Diamonds (LON: BRD) are trading higher on Wednesday after the company said it has recovered three gem-quality stones.
Shares of BlueRock diamonds have climbed 4.25% to 41.7p per share.
The stones from the Kareevlei Diamond Mine in the Kimberley region of South Africa are 10.6 carats, 9.8 carats, and 8.4 carats. The top Kareevlei diamond by value to date was 20.7 carats and sold for $236,000.
A 12.1-carat diamond recovered in September 2020 was sold for $104,000.
“I am very encouraged by the recovery of these three high-value gem-quality stones following on from the sale in January 2021 of a 14.8 carat stone for USD167,000,” commented BlueRock Executive Chairman Mike Houston.
“The average price that we have received for the first two months of 2021 was an excellent USD423 per carat and I look forward to updating the market on the results of the March tender, when we publish our quarterly report in early April,” added Houston.
Should you invest in BlueRock Diamonds shares? BlueRock Diamonds shares are traded on the AIM market of the London stock exchange (the alternative investment market) which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are BlueRock Diamonds shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
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