Sales of alluvial diamonds are reported from the Aredor concession in Guinea, West Africa.
An 851.46-carat parcel of rough diamonds recovered from test runs sold for US$340,000, while a single stone weighing 73.46 carats sold for US$81,000.
Trivalence Mining (TMI-V) holds an indirect 52.5% interest in the 1,112-sq.-km mining concession, with Consolidated African Mining holding a 22.5% interest and the government of Guinea, 15%. Residents of Guinea hold an option to acquire a 10% interest.
The recent sale averaged US$455 per carat.
The Aredor concession is estimated to contain a proven and probable reserve of 6.7 million tonnes of alluvial material grading 0.225 carat per tonne.
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