First Two Diamond Sales
In the first two diamond sales, Newfield sold a total of 12,457 carats and generated sales of US$2.7m. This achieved an average price of US$216/carat, higher than the world average of US$117/carat.
This further cements the quality of Tongo’s product and deposit as one of the highest value Resources globally.
Newfield’s diamonds adhere to the Kimberley Process Certification Scheme, and are sold via an independent tender process
Transparent tender process facilitated by the Bonas Group
The Kimberley Process Certification Scheme
SIERRA LEONE DIAMONDS
Sierra Leone is the 8th most peaceful country in Africa and renowned for her high quality diamonds
- Sierra Leone exported 525Kct diamonds in 2023 for US$102.5m
- US$195/ct on average, which was the 6th highest value globally
- Previously a British colony, the country is a multi-party democracy with English-based law and strong government support for mining investment
- Sierra Leone is an important source of diamonds, iron ore, titanium, bauxite, gold, and has one of the world’s largest deposits of rutile
- The Tongo Mine is located in the same region of Sierra Leone, as the 970ct Star of Sierra Leone discovered in 1972
