High Value Fancy Yellows at Mothballed Ellendale

By John Jeffay / May 15, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Plans to revive the mothballed Ellendale mine - once the world's largest producer of fancy yellow diamonds - have been boosted by "excellent" valuations of bulk samples, says owner Gibb River Diamonds.An independent appraisal of diamonds from the Ellendale 9 Lights stockpile, one of four bulk samples, averaged US$1,443 per carat.The company said updated valuations across a number of prospect areas and stockpiles were "very attractive".In a statement the company said: "Much of this high pricing is driven by the Fancy Yellow diamond component in the valuation parcel. "Previous production from the Ellendale 9 lamproite pipe reported 11.5% of diamonds as Fancy Yellow.""Typically diamond mines worldwide produce less than 0.1% Fancy Yellow diamonds, so Ellendale is truly exceptional in this regard."Valuations from other bulk samples include US$796 per carat for the Ellendale 12 Alluvial Prospect and US$828 per caratfor the E9 East Alluvials.Ellendale, in Western Australia, ceased production in 2015 when Kimberley Diamond Company went into liquidation. It had an exclusive supply agreement with Tiffany & Co. Pic courtesy Gibb River Diamonds, shows Yellow Diamonds from the East Lobe (Far East Pit) at Ellendale

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok