DFI Fetches Average $196 Per Carat in Latest Sale

Miner Diamond Fields International Ltd has sold 2,373 carats at an average price of $196 per carat raising $465,108 in its second diamond sale of the year of its Namibian goods.

Gregg J. Sedun, President and CEO of Diamond Fields stated: "Clearly we are experiencing continued strong demand for Diamond Fields' high-quality Namibian product. For diamonds in the small size categories, the price was approximately 24 percent higher than last year.

“The slightly lower price received for these diamonds compared to the $203 per carat which the Company received for its July sale is reflective of a smaller average diamond size in this sale parcel."

DFI is involved in marine mining operations off the Namibian coast and other international mineral exploration projects.