Australia's Burgundy Diamond Mines has announced that its share price has increased as much as 7.5% to A$0.215 ($0.15), hitting their highest level since August 31, 2023.
According to the company, its diamond sales amounted to approximately $170 million for Q4 2023 to date, 40% higher than in the same period last year. Sales by volume amounted to 1.97 million carats, a growth of 55% as compared to in Q4 2022.
Burgundy Diamond Mines also announced that it has sold all available rough diamond inventory in Q4, except special stones that are consolidated for special auctions. The company's stock is down to about 33% year to date as of last close.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
