News

Advanced Search

Gahcho Kué Yields 85ct. Diamond

Jun 1, 2017 5:40 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Mountain Province Diamonds has recovered the largest stone yet from its Gahcho Kué mine in Canada, the company said Wednesday.

The rough diamond weighs 84.65 carats and will feature in Mountain Province’s upcoming sales in Antwerp, alongside a 53.90-carat diamond from the same site. Both discoveries took place in April.

Mountain Province and De Beers, which also has a stake in Gahcho Kué, bid nearly every month to determine which of them gets to sell the “special” diamonds — those over 10.8 carats — that the mine has produced. Mountain Province won in April, enabling it to sell the goods in Antwerp through its broker, Bonas.

“The 84.65-carat diamond is the largest gem-quality diamond recovered to date and provides further confirmation that Gahcho Kué hosts a population of large, high-quality gem diamonds,” said Mountain Province CEO Patrick Evans.

The 53.90-carat rough is the highest-quality large stone the mine has yielded, and the company expects it will achieve a record price at tender, Evans added.

Before the latest discoveries, the largest gem-quality diamond from Gahcho Kué was a 67.87-carat stone that Mountain Province extracted earlier this year. Production at the mine started in September.
Tags: Antwerp, Canada, De Beers, Gahcho Kué, large diamonds, mountain province, Mountain Province Diamonds, Patrick Evans, Rapaport News
Similar Articles
De Beers 600De Beers Buys Peregrine Diamonds for $81M
Jul 19, 2018
De Beers’ Canada business has agreed to acquire exploration company Peregrine Diamonds, which owns the promising
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.