Trivalence nets US$4.3M

The sale of 6,890 carats of diamonds has generated US$4.3 million for Trivalence Mining (TMI-V), operator and 85%-owner of the Aredor mine in Guinea, West Africa.

The five parcels of diamonds sold for an average of US$1,000 per carat. Among the gems was a special pink diamond weighing 16.91 carats, which sold for US$778,000, or US$46,008 per carat.

Trivalence continues to explore the concession that hosts the Aredor diamond mine, with recent work focused on the K23 kimberlite. In addition to drilling, the company has started stripping a 1.5-metre laterite cap in order to expose the kimberlite for a planned 10,000-tonne bulk sample.