High price for lower qualities rough
Slight increase in the rough price of lower qualities & smaller sizes The latest diamond sale of Mountain Province is closed on November 14th 2018. These results include the sale of fancies and specials to De Beers Canada as part of the previous production split, where De Beers Canada was the successful bidder. Total proceeds from the sale were US$17.7 million from 245,751 carats at an average realized value of US$72 per carat. We continued to see good price bids for our better quality larger goods where the majority of our value lies. We saw a slight increase in the pricing for lower qualities and smaller sizes, compared to our previous two sales. These results are very promising, given recent reports of challenging market conditions in the rough diamond industry. As previously mentioned in our Q3 2018 conference call on November 13th 2018, sale metrics continue to support our confidence that our sales process in Antwerp is working very well and our ...