The Irish owned West Africa Diamonds (WAD), an AIM listed company sold its first parcel of diamonds from its Bomboko mine in Guinea. The mine is 100% owned by WAD.
The diamond parcel which was sold in Antwerp weighed 433 carats and fetched $50,270. A large stone in the parcel which weighed 16.27 carats was sold for US$1000 per carat.
James Campbell, the deputy chairman of WAD said “We are pleased with the progress at the Bomboko Mine. The price per carat from what was a spot sale of a small sample is most encouraging.”
Plans are also underway to increase production in the mine up to 35,000 t/m of gravel, up from the current 3,500 t/m of gravel. The production at Bomboko mine started started in April this year.