Mountain Province Uplifted Revenue in 4Q
Rough price pulled up to $110 from US$86 per carat Mountain Province Diamonds announce the results of its most recent December 2021 diamonds sale, as well as the aggregate sales results for the fourth quarter of 2021. During the most recent December 2021 sale, 388,573 carats were sold for total proceeds of $42.7 million (US$33.3 million), resulting in an average value of $110 per carat (US$86 per carat). This continues the steady improvement through the fourth quarter of 2021 where inclusive of the most recent December sale, 808,739 carats were sold for total proceeds of $85.2 million (US$67.5 million) resulting in an average value of $105 per carat (US$83 per carat). This brings FY21 sales to 3,158,418 carats, for total proceeds of $298.4 million (US$236.9 million) resulting in a FY21 average value of $94 per carat (US$75 per carat). The Company has now surpassed more than US$1billion in revenue since it began selling in Q1 2017. Recent sales have seen unpr...