Burgundy Reports Increased Demand for Mid and Large Rough Categories 

Burgundy Diamond Mines has noted increased demand for rough in the mid- and large-size categories at its two final sales of the year. 

The company, which owns the Ekati mine in Canada, brought in $93 million during the fourth quarter, which ends December 31, from sales held in October and December, it said Tuesday. At the October tender, the company sold 583,000 carats at an average price of $80 per carat, for a total of $47 million. Meanwhile, in December, the miner made $46 million from the sale of 435,000 carats at an average price of $106 per carat.  

The latest figures are an improvement on the company’s last reported sales for the three months that ended June 30, when it garnered $103 per carat. 

“Ekati’s…product sold well this quarter, achieving $106 per carat in the latest sale,” said Burgundy CEO Kim Truter. “Whilst this number reflects a higher-quality parcel of goods sold, the company saw gains in the mid to large size categories relative to the October sale. This bodes well for a recovering diamond market.”

 Image: Trucks hauling ore at the Ekati mine. (Burgundy Diamond Mines)