Friday, April 10, 2015

Meat and Potatoes of Diamond Mining

Peregrine Diamonds CH-6 has a significant higher population of macro diamonds compared to world averages.

10% of the macro diamonds at CH-6 are larger than 2 carats in size.
The world average for a kimberlite is only 5%.

CH-6 has double the world average in this regard.

Now compare some photos of rough diamonds from Chidliak (the meat and potatoes) with the final retail product out in a local mall in Canada.

It is not a far stretch that a gem quality, clear white, octahedron diamond from Chidliak in conjunction with an ace diamond cutter...could produce some of the highly prized and expensive diamonds on the retail market.

The largest rough diamond in the photo is 8.87 carats and is worth $US 36,158.
that is uncut. Once cut, you can see where the prices could lead to in the retail market.

Description of that diamond:

8.87 carat sawable, white/colourless transparent octahedron with minor inclusions: US$36,158 (US$4,076 per carat) 

For more descriptions on the high quality diamonds at Chidliak, here is the valuation press release from early 2014 -- Valuation Press Release





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