157.4 carat diamond unearthed at Arctic diamond mine in Canada – by Levon Sevunts (Radio Canada International – December 17, 2020)


A Canadian mining company says it has unearthed a “157.4 carat gem of exceptional quality” at a diamond mine in the Northwest Territories.

It is the largest “gem quality” diamond recovered to date from the Gahcho Kué mine and will be offered for sale during the first quarter of 2021, Mountain Province Diamonds Inc. announced Wednesday in a press release reporting its fourth quarter diamond sales.

The company said it sold 956,348 carats in the fourth quarter raising $80.2 million ($61.7 million US).

“The diamond industry has faced immense challenges during 2020 so to end the year with such a strong sales performance is very encouraging,” said Mountain Province president and CEO Stuart Brown in a statement.

“Rough diamond prices, in the larger and better-qualities have been exceptional and pleasingly we saw further improvement in the smaller and lower quality diamonds which we believe will continue to strengthen in 2021.” The recovery of the largest ever diamond and the successful bid was certainly a boost to the company morale, he added.

For the rest of this article: https://www.rcinet.ca/eye-on-the-arctic/2020/12/17/157-4-carat-diamond-unearthed-at-arctic-diamond-mine-in-canada/