Mountain Province Unearths 95-Carat Diamond

Gem Investing

The diamond was included in the fancies and specials parcel acquired by Mountain Province in the most recent Gahcho Kué production split.

Mountain Province Diamonds (TSX:MPVD,NASDAQ:MPVD) reports it has recovered a 95-carat gem diamond from the Gahcho Kué mine located in the Northwest Territories, Canada. The diamond was included in the fancies and specials parcel acquired by Mountain Province in the most recent Gahcho Kué production split.

Canadian miner, Mountain Province is a 49 percent participant with De Beers Canada (LSE:AAL) in the Gahcho Kué diamond mine located in northern Canada. Gahcho Kué is considered to be among the world’s largest new diamond mines, consisting of a cluster of four diamondiferous kimberlites, three of which are being developed and mined under the initial 12-year mine plan.

As quoted from the press release:

The diamond recovered was a 95-carat white octahedron of top clarity. It is the largest gem quality stone and fourth largest stone recovered from the mine since production commenced just under two years ago.
“The recovery of this diamond firmly establishes Mountain Province as a reliable producer of exceptional, high quality, Canadian diamonds in very large sizes and bodes well for the future discovery of similar gems,” said Reid Mackie, VP Diamond Marketing.
The 95-carat diamond will be presented at Mountain Province’s upcoming rough diamond tender with viewings to be held from June 11-22 in Antwerp, Belgium.

Click here to read the full press release

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