Diamond Fields Sells Entire Shipment Of 3,532 Carats Of Diamonds At An Average Price Of Us$132.52 Per Carat

Jan 27, 2003 | 2003, Corporate News

Mr. Jean-Raymond Boulle, Chairman and CEO of Diamond Fields International, (TSX-DFI) is pleased to announce that the company has sold 3,532 carats of diamond production mined from its Luderitz concession for an average price of US$132.52 per carat.

The tender sale was conducted in Antwerp through Diamond Tenders (Belgium) N.V.

The price achieved was above market expectations and reflected the strengthening, since the beginning of the year, in market prices for rough diamonds.


Jean-Raymond Boulle
Chairman and Chief Executive Officer

For further information contact: Earl Young (214-219-1439)
Website – www.diamondfields.com

Forward-Looking Statements:
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Diamond Fields’ periodic filings with Canadian Securities Regulators. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Diamond Fields does not assume the obligation to update any forward-looking statement.

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