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Mountain Province Posts 2021 Results as Diamond Market Remains “Buoyant”

The company had “strong diamond jewelry sales during the holidays”
mountain province big diamonds
Credit: Mountain Province

Mountain Province Diamonds has announced its diamond production and sales results for 2021 from its Gahcho Kué Diamond Mine. In total, the miner produced 6.23 million carats against the guidance of 6.3- 6.5 million carats.

 

Gahcho Kue Diamond Mine
Credit: Mountain Province Diamonds

 

It sold 3,158,418 carats at an average value of $75 per carat for total proceeds of $236.9 million. In comparison in FY2020 it sold 3,329,289 carats at an average value of $51 per carat for total proceeds of $171.3 million.

 

Gahcho Kue diamond mine
Credit: De Beers

 

According to Mountain Province, “sentiment in the rough diamond market continues to be buoyant.” The company had “strong diamond jewelry sales during the holidays” and its medium to longer-term outlook for rough diamonds remains positive.



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