DIAMONDS: Valuation averages $52/ct for Kennady North

NORTHWEST TERRITORIES – Kennady Diamonds of Toronto has received a valuation averaging US$52 per carat for samples from the Kelvin kimberlite at the Kennady North project. The material was collected by bulk sampling programs in 2015 and 2016. [caption id="attachment_1003716001" align="alignright" width="300"] A 2.84-ct white diamond is valued at US$2,640 per carat.[/caption] The five highest value diamonds recovered from the bulk sampling include a 2.84-ct octahedron valued at US$2,640/ct; a 4.22-ct diamond valued at US$1,416/ct; a 2.56-ct stone valued at US$1,357; a 2.58-ct carat octahedron valued at US$1,691/ct; and a 2.38-ct octahedron valued at US$1,290/ct. Images of select diamonds are available on the company's website at www.KennadyDiamonds.com. "Based on the results of the bulk sampling programs it's apparent that the quality of Kelvin diamonds improves with size", noted Dr. Rory Moore, president and CEO of Kennady Diamonds. "A similar trend exists at the neighboring Gahcho Kue diamond mine located five kilometers to the southwest of the Kelvin kimberlite.” The company’s upcoming winter program includes evaluation of the Faraday kimberlite pipes.