Mountain Province Diamonds Announces Results of First Diamond Sale of 2021
TSX and OTCQX: MPVD
TORONTO and NEW YORK, Jan. 25, 2021 /PRNewswire/ Mountain Province Diamonds Inc. ( Mountain Province , or the Company ) (TSX: MPVD) (OTCQX: MPVD) is pleased to announce the results of its latest diamond sale in Antwerp, Belgium, which closed on January 22, 2021.
In this sale, 241,827 carats were sold for total proceeds of $27.8 million (US$21.8 million) resulting in an average value of $115 per carat (US$90 per carat).
Stuart Brown, the Company s President and CEO, commented: The first sale of the year was excellent, the growing confidence amongst rough diamond buyers translated into a healthy price improvement of 8% on a like for like basis when compared to our record high volume December sale. We expect to see a continuation of the positive trend as rough and polished markets continue to strengthen post a successful retail season. Looking ahead, our upcoming February sale will