Tango reports diamond sales
Tango Mining Limited provided an update on diamond sales results from the Oena Diamond Mine, Republic of South Africa. During the most recent production period, 9 May to 7 July 2019, a total of 531.82 carats (230 diamonds) were produced, placed on tender and sold with an average price of US$1,382 per carat. This includes a 19.87 carat diamond which sold at US$4,358 per carat, a 49.6 carat diamond which sold at US$2,561 per carat and a 24.97 carat diamond which sold at US$1,101 per carat.
Tango is extremely pleased with the performance of the mining contractors on site who have continually increased and improved diamond production at Oena over the past year. A total of 206 diamonds totalling 407.76 carats were placed on tender or sold to the State Diamond Trader from the production period 9 May to 6 July 2019. The average price received was US$1,264 per carat. This included an 18.2 carat diamond which sold at US$2,850 per carat and a 19.87 carat stone that sold at $4,358 per carat.
