Namakwa Diamonds accrued $8.2 million from the recent sales of its rough diamonds from KAO Mine in Lesotho and South Africa.

In a recent statement they commented that all 75 lots offered – totalling 25,210 carats from Kao – were sold at an average price of $269 per carat. The sale realised revenues of about $6.8 million.

“We are very pleased with the excellent results of the Antwerp tender. Even in the face of uncertain market conditions, the Kao tenders continue to achieve 100 per cent sell-through,” said Namakwa chief executive Theo Botoulas.

He said the diamond junior had since January 2012 sold a total of 112,221 carats from Kao Mine production in the nine tenders held to date, generating $31.4 million in revenues.

Meanwhile, Namakwa said a tender for diamond production from its South African subsidiaries realised revenues of about $1.4 million. The North West production, totalling 2,099 carats, was sold at an average price of $657 per carat, with an average stone size of 0.55 carats, it said.

“The South African production continues to perform to expectation and revenues derived from it are delivering a strong platform for growth and expansion in the North West Province,” said Botoulas.