Diamcor Reports Continued Increase in Rough Diamond Recoveries, and Results of Initial Tender and Sale in the Third Fiscal Quarter
The Company has delivered an additional 6,369.00 carats which it expects to sell at a second tender in Antwerp in November.
- The Company has delivered an additional 6,369.00 carats which it expects to sell at a second tender in Antwerp in November.
- A final tender of the Company's third fiscal quarter is tentatively planned for December.
- The total rough diamonds expected to be delivered and tendered in the Company's third fiscal quarter represents an increase when compared to 3,882.82 carats delivered and tendered in the Company's second fiscal quarter ended September 30, 2019.
- Price weaknesses in certain categories of the rough diamond market also contributed, to a lesser extent, to the lower dollar per carat average achieved.