Said Reid Mackie, the Company’s Vice President Diamond Marketing, “Following on from a very strong June sale, the July tender was well attended and bidding performance remains high. Repeat customers won 83% of lots, consolidating our view that the rough market is now fully engaged with the Gahcho Kué product and its positive performance at manufacturing.”
Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada’s Northwest Territories. Gahcho Kué is the world’s largest new diamond mine and projected to produce an average of 4.5 million carats a year over a 12 year mine life.
Alex Shishlo, Editor of the Rough&Polished European Bureau in Brussels