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Mountain Province Diamonds Results of Ninth Diamond Sale
Nov. 22, 2017 09:40AM PST
Gem Investing
Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX and NASDAQ: MPVD) today announces the results of its recently completed ninth diamond sale. As quoted in the press release: Said Reid Mackie, the Company’s Vice President Diamond Marketing, “Despite caution reported in the rough markets after the return from Indian and Jewish holidays, customer participation metrics at …
Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX and NASDAQ: MPVD) today announces the results of its recently completed ninth diamond sale.
As quoted in the press release:
Said Reid Mackie, the Company’s Vice President Diamond Marketing, “Despite caution reported in the rough markets after the return from Indian and Jewish holidays, customer participation metrics at our ninth sale were strong with over 150 companies attending the tender, average bids per lot reaching our highest level to date at 11.9, and return customers purchasing 88% by value. This, combined with firming of price-points in our lower qualities and sizes, demonstrates the ability of our tender process to harness positive outlook in the market following encouraging news from the Asian and US retail markets.”