BlueRock Diamonds recovers 12.6 carat diamond

AIM-listed BlueRock Diamonds has recovered a 12.6 carat diamond from its Kareevlei mine in the Kimberley region of South Africa.

Executive chairman Mike Houston said: "In line with our reporting policy to inform the market of diamonds recovered estimated to be valued at over $50k, we are delighted to announce that another large diamond has been recovered from Kareevlei.

"To put this into perspective, given the average engagement ring weight in the UK is 0.6 carats, a 12.6-carat diamond is considered exceptional."

Houston said he was hopeful the recovery of this diamond marks the start of mining better quality diamonds, "having worked through a difficult area in recent months".