The diamonds it is finding are also of very high quality, reflected in its average sale price of around $US2,100 per carat. Uncut diamonds typically averaging $120 a carat. “There’s no doubt at all that there is no diamond deposit anywhere in the world which is producing stones of this calibre and value,” Mr Kennedy said.
That, he says, includes Lucapa and its record-breaking gems.
“They’ve had the biggest stone, obviously, but they’re processing a lot of material and incurring a lot of cost to do that whereas we’re mining a couple of meters below the surface,” he said. “On the cost curve we are way ahead of anyone, and we’re getting the big diamonds. Our costs are $1.3m a month; you can see us generating between $5 and $12m a month, so it’s looking pretty spectacular.”
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