Kao Rough Tender Raises $5.8 Million

A Fusion Tenders sale of rough diamonds from the Kao mine generated $5.8 million, with an average price per carat of $495. The July 11-17 tender took place in Antwerp and was 100-percent sold.

Two large stones of 54.96 carats and 39.79 carats sold for $1.018 million and $1.105 million, respectively. Other important lots included two natural fancy colored pink diamonds of 1.20 carats and 1.90 carats that sold for in excess of $30,000 per carat. 

The strong results achieved in the face of a sluggish rough market proves the value addition our sales platform generates for our suppliers whilst at the same time provides our buyers with exciting and original rough offerings,” said Fusion Tenders CEO, Adam Schulman.

The Fusion Kao rough tenders take place monthly in Antwerp, offering the full run-of-mine production of the Kao mine, which is located in Lesotho.

The tender was held in cooperation with I. Hennig.