BlueRock Moves Sales of its Kareevlei Diamonds to Antwerp

By John Jeffay / May 14, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Sale of rough diamonds from the Kareevlei mine in South Africa are to be moved to Antwerp, where owners BlueRock hope to attract more buyers.They'll be branded as Kareevlei Diamonds and marketed by diamond brokerage and consultancy firm Bonas-Couzyn, with pre-sales finance provided by Delgatto Diamond Finance Fund, the largest non-bank lender to the diamond industry.AIM-listed BlueRock Diamonds, based in England, says it expects Antwerp to recover sooner from COVID-19 than South Africa  -  where it has previously sold its diamonds  -  but where travel restrictions are expected to remain in force.It has agreed a non-binding letter of intent with New York-based Delgatto for it to finance monthly parcels at 70 per cent of an agreed valuation for up to 12 months at a cost of 1.25 per cent per month on the initial funding amount.Kareevlei mines from five kimberlite pipes that produce diamonds of exceptional quality. It ranks in the top 10 in the world in terms of average value per carat.The company says it believes "the new sales channel and expected financing arrangements will maximise the chances of BlueRock's operations being cashflow positive." Delgatto, founded by Christopher Del Gatto, has financed over 75 companies worldwide since it was founded in 2018.

Recent News

Gold and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok