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RAPAPORT... Dominion Diamond Corporation reported that rough diamond sales rose 5.9 percent year on year to $277.3 million for the second quarter that ended on July 31. The company sold 1.511 million carats, representing an increase of approximately 16 percent compared with one year earlier. In addition, Dominion stated that average rough diamond prices have risen 8 percent since January. The company's 40 percent share of production from the Diavik diamond mine jumped 44.5 percent to 870,000 carats. Dominion's production from the Ekati diamond mine surged to 802,000 carats compared with 483,000 carats one year earlier. Dominion excluded $10.5 million in sales of rough diamonds from Ekati's Misery satellite pipes. However, the mining company anticipates that Misery will contribute to commercial production beginning September 1. Rough inventory on July 31 totaled $315 million, of which $45 million represent discretionary goods.
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