Bluerock Shares Jump On Biggest Diamond Found A... Instant

: The find came just one week after the company recovered another significant 21.6-carat diamond from the same mine. Strategic Impact

In August 2021, shares of (LON: BRD) surged over 16% following the recovery of a 58.6-carat diamond at its Kareevlei mine in Kimberley, South Africa . This discovery was an "exciting milestone" for the company, as it significantly surpassed their previous record find of a 24.98-carat stone in 2019. Key Discovery Details

: The 58.6-carat "D" color "makeable" stone was the largest diamond unearthed at Kareevlei since operations began.

The discovery validated the company's "size frequency distribution charts," which predicted that the mine's kimberlite pipes would eventually yield large, high-value diamonds. Executive Chairman Mike Houston noted that the find underpinned the potential for increased production and profitability as the company moved into "purer" kimberlite mining. BlueRock shares jump on biggest diamond found at Kareevlei