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DFI Hits Record Diamond Sales Prices
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Vancouver, Canada, April 28, 2008: Diamond Fields International Ltd.
(DFI:TSX) ("DFI" or the "Company") is pleased to announce that its most
recent diamond sales conducted through Diamond Tenders, Belgium, DFI's
partially-owned diamond marketing company in Antwerp, Belgium, achieved
record prices. The Company sold 1,958.19 carats at an average price of
$258.36 USD per carat, a 21% increase over last year's average sale
price of $213 USD per carat. Total carats recovered for the month of
March was 2,763.28, the Company's best month since May 2007, and the
third best month since January 2007. Ship availability to mine, meaning
the amount of time the mv DF Discoverer was actually mining, exceeded
80% during March: an all-time high. Total carats recovered to the end
of the firstquarter 2008 totalled 5,882.74 on 15,626 gem quality
stones, with an average weight of 0.38 carats per stone.
Commenting on the results, Wayne Malouf, DFI's CEO said, "Obviously
management is very pleased with the improved production figures. They
are directly attributable to an overhaul of the marine operation in
February conducted by Joe Martin, Peter Schroeder and their marine
team. Most important is the significant improvement in ship
availability, a prerequisite in our program to make the marine
operation more efficient."
DIAMOND FIELDS INTERNATIONAL LTD.
"Wayne Malouf"
Wayne Malouf, Chief Executive Officer
For further information, contact Wayne Malouf at +1 214 691 9000
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 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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Copyright (c) 2008 DIAMOND FIELDS INTERNATIONAL LTD. (DFI) All rights
reserved. For more information visit our website at
http://www.diamondfields.com/ or send mailto:enquire@diamondfields.com
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