Namakwa Diamonds Announces Successful Sale of Group Production

The Trading & Beneficiation Division of Namakwa Diamonds, the integrated diamond resource group focused on Southern Africa, is pleased to announce the result ofis diaphragm needed for the ball mill the recent sale of Namakwa and Storm Mountain Diamonds' products, held in Johannesburg.

Storm Mountain Diamonds is the Group's innovative venture in Lesotho majority owned by Namakwa, together with the Government of Lesotho and local Basotho citizens.

The sale was for production from Namakwa Diamonds' Mining Division. This included:

• 6,298 carats from the kimberlite operations of Storm Mountain Diamonds in Lesotho.


• 10,549 carats from alluvial operations on the Kasai Central Node in the Democratic Republic of Congo (DRC);


• 5,994 carats from alluvial operations in the North West Province of South Africa, including a special 7.53ct Vivid Orange diamond and a 26.74ct D (IF) Type IIa diamond (both with flawless potential);

- the 7.53ct Vivid Orange diamond sold for a record price of US$176,713 per carat and the highest price in the sale; and

- the 26.74ct D (IF) sold for US$44,000 per carat in line with market prices for similar product.

Of the monies raised, US$1,894,113 is attributable to Storm Mountain Diamonds.

Commenting on the sale, Heno Kruger, Namakwa's Head of Trading & Beneficiation, said: "This is a fantastic result. Achieved prices are significantly ahead of our expectations and demonstrate the shortage of the right product currently being demanded by the market.

"There was great interest in the two single stones, with the Vivid Orange responsible for a level of participation in the tender that is almost without precedent in recent years. However, the real wins for us were the reception of our DRC product and the obvious branding potential of Storm Mountain Diamonds' product.

"For Namakwa, the result also proved the success of our mining strategy - a focus on sources of high quality product that we are sure the market will value highly. The team looks forward to further successful sales in the future."