Will:
#2. The other subparcels contained no such stones. Most analysts and modellers conclude the diamond value in the eastern lobe is too high, but an alternative hypothesis is that the samples from the other lobes and pipes were too small to produce a meaningful number of valuable diamonds. As a result, larger tests from those areas would yield a much higher diamond value. (In fact, that has been a common refrain from many of the Mountain Province shareholders.)
Actually Will, one of the high value stones came from Hearne (April 3, 2003 MPV NR). I do not know where the recently reported 5 ct stone was found (July 26, 2006 MPV NR).
DebVan
July 26, 2006
Charles Wyndham of WWW stated: “It is encouraging that the samples included some valuable stones, including one 9.9 carat diamond valued at over $7,800 per carat and a 5 carat diamond valued at over $4,600 per carat.
April 3, 2003
It has now definitely been confirmed by both De Beers and the Company’s consultant, Overseas Diamonds N.V., that a sub-population of high quality, top color diamonds exists in both the 5034 and Hearne pipes. The 3.4 carat diamond recovered from the Hearne pipe is such a diamond and has been valued at US $7,140. These diamonds represent a significant part of the total value of the diamonds even though they only represent a small fraction of the total number of diamonds |
