Kennady Diamonds Inc. announced having received the initial draft of the Kelvin diamond valuation report from WWW International Diamonds. Kennady Diamonds is evaluating the same.

As part of the company’s economic assessment of the Kelvin kimberlite, a second, independent market valuation is now underway in Antwerp. The second exercise is designed to obtain the market valuation for a combined parcel of diamonds from both the 2015 and 2016 bulk sampling exercises at Kelvin.

President and CEO of Kennady Diamonds, Dr. Rory Moore said, “We are pleased to have an initial draft report from WWW, which we are presently reviewing. We also look forward to completing our second valuation of all the Kelvin diamonds as their combined weight of over 2,000 carats provides a more robust parcel size for real-time market valuation.”

The second market valuation will be completed at the end of next week.