Dominion Diamond Corporation has reported its financial and sales performances for the second fiscal quarter ended July 31, 2017. Dominion, owner of 100% of the Ekati mine in Canada and 40% of the Diavik mine in Canada, reports a 50% jump in rough diamond sales in the quarter to $239.8 million, compared to $160 million in Q2 2016. For the six months ended July 31, 2017, rough diamond sales amounted to $450.8 million, compared to $338.2 raked in the six months ended July 31, 2016.
In terms of sales, volume more than doubled to 3.6 million carats year-on-year, while the average price per carat fell considerably to $66, as compared to $119 per carat in the corresponding period last year.
Dominion reported a net income of $31.1 million for the quarter, compared to a loss of $37.9 million in the corresponding period last year. For the six months ended July 31, 2017, net income totaled $23.2 million, compared to a loss of $43.2 million in the corresponding period last year.
