Russia has been almost completely cut off from the main markets. I think diamond prices are likely to remain above $100 per carat. Here's why that's good for MPVD stock.
157.4-carat diamond found
NWT
In mid December, Mountain Province Diamonds announced the recovery and successful bid for the largest gem quality diamond ever extracted from their Gahcho Kué mine in the Northwest Territories.
It is a 157.4‐carat diamond and will be offered for sale in the first quarter of 2021.
Located at Kennady Lake, approximately 280 km northeast of Yellowknife and 80 km southeast of De Beers’ Snap Lake Mine, the Gahcho Kué Mine is a joint venture between De Beers Canada Inc. (51 per cent) and Mountain Province Diamonds Inc.(49 per cent).
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