Sale of 31.4 carat diamond

RNS Number:5444R
KimCor Diamonds plc
03 April 2008

                                                                   03 April 2008



                              KimCor Diamonds plc

                          ("KimCor" or the "Company")



                           Sale of 31.4 carat diamond



KimCor is pleased to announce the sale of a 31.4 carat diamond recently
recovered from the Company's Nooitgedacht alluvial diamond mine at private
tender on 2 March 2008.



*        The stone sold for a unit price of US$226,080, or US$7,200 per carat;



*        The average sales value per carat for Nooitgedacht diamond production
for the financial year to date is US$1,300 per carat; this compares with the
budget sales price used by the Company of US$500 per carat;



*        Since the acquisition of the Nooitgedacht by KimCor, the average
recoverable grade of gemstone diamonds has increased from 0.55 to 1.40 carats
per hundred tonnes ;



*        An 18.5 carat stone, also recently recovered at Nooitgedacht, is
scheduled for sale by tender during April.



Martyn Churchouse, CEO of KimCor, commented "The most encouraging aspect of the
improvement in both grade and production rate at Nooitgedacht has been the
regularity with which we are recovering both larger high value stones as well as
stones of good quality in the 1 to 5 carat range that provide the ideal product
required by the Group's subsidiary, Anmic, to add value by cutting and polishing
".





Enquiries:

KimCor Diamonds plc                                           Tel: [phone]
Martyn Churchouse

Strand Partners Limited                                       Tel: [phone]
Simon Raggett
Warren Pearce
Victoria Milne-Taylor

Bishopsgate Communications Ltd                                Tel: [phone]
Maxine Barnes
Nick Rome




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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