Tag: DMCC

Mountain Province Diamonds proposes to enter into a transaction to sell $50,000,000 of diamonds

Mountain Province Diamonds Inc. (“Mountain Province”, or the “Company”) (TSX: MPVD) and (OTCQX: MPVD) today announces that it proposes to enter into an agreement to sell (the “Sale“) U.S.$50,000,000 of diamonds to Dunebridge Worldwide Ltd. (“Dunebridge”). The first sale for approximately U.S.$ 22,000,000 is expected to occur on June 11th, 2020 following the execution
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Edward Asscher named World Diamond Council president

Edward Asscher has been named president of the World Diamond Council (WDC), the international organisation that is charged with leading the industry’s effort to prevent conflict diamonds from entering the jewellery supply chain and with representing it in the tripartite Kimberley Process coalition. Formerly the WDC VP, he assumed the
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Mountain Province proposes $50m sales agreement with Desmond’s Dunebridge

With traditional markets for rough diamond sales remaining closed, Canadian diamond miner Mountain Province on Monday unveiled a proposed $50-million transaction that will provide it with short-term liquidity. The 49% participant in the Gahcho Kue mine, in Northwest Territories, is proposing an agreement to sell diamonds to Dunebridge Worldwide, which
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BlueRock concludes diamond sale

Aim-listed BlueRock Diamonds, which operates the Kareevlei diamond mine, near Kimberley, in South Africa, has announced the private sale of 2 400 ct at an average price of $290 /ct for a total of $700 000. “This sale at a time when the traditional sales channels for diamonds remain closed and
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The great diamond glut: Miners stuck with gems worth billions

In one of the world’s biggest diamond vaults, hidden inside a nondescript office compound on the dusty outskirts of Botswana’s capital, the precious stones just keep piling up. Owner De Beers, which mines and auctions most of its gems in the southern African nation, has barely sold any rough diamonds
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