https://www.miningweekly.com

Mountain Province reports strong demand for its diamonds

7th December 2021

By: Creamer Media Reporter

     

Font size: - +

Canadian diamond miner Mountain Province has achieved sterling results in its December sale, reinforcing its confidence in a robust diamond market heading into 2022, president and CEO Mark Wall reported on Monday.

During the most recent December sale, 388 573 ct were sold for total proceeds of C$42.7-million ($33.3-million), resulting in an average value of C$11/ct ($86/ct). Including this sale, Mountain Province reported total proceeds of C$85.2-million for the fourth quarter, resulting in an average value of C$105/ct ($83/ct).

Total sales for 2021 were 3.16-million carats, for total proceeds of C$298.4-million, resulting in an average value of C$94/ct ($75/ct).

Wall said that the fourth-quarter performance was Mountain Province’s third-highest quarterly average per carat figure in its history and the highest since the first quarter of 2018.

Recent sales have seen unprecedented levels of demand for Mountain Province’s brown diamonds, lower qualities and smaller sizes as supplies from other productions, such as Argyle in Australia, are now largely absent from the market.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION