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Mountain Province Diamonds Announces Results of First Diamond Sale of 2021
Mountain Province Diamonds Announces Results of First Diamond Sale of 2021 Cana...
About this update from Mountain Province Diamonds Inc.
[{"type":"text","content":"\n \n \n \n Mountain Province Diamonds Announces Results of First Diamond Sale of 2021\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX and OTCQX: MPVD\n \n \n \n \n TORONTO\n \n and\n \n NEW YORK\n \n ,\n \n Jan. 25, 2021\n \n /CNW/ - 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\n \n Antwerp, Belgium\n \n , which closed on\n \n January 22, 2021\n \n .\n \n \n \n \n \n \n \n \n \n In this sale, 241,827 carats were sold for total proceeds of\n \n $27.8 million\n \n (\n \n US$21.8 million\n \n ) resulting in an average value of\n \n $115\n \n per carat (\n \n US$90\n \n per carat).\n \n \n \n \n Stuart Brown\n \n , the Company's President and CEO, commented:\n \n \n \n \"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 also include, amongst other high value diamonds, the recently recovered 157 carat diamond. Named \"Polaris\" after the North Star, this exceptional diamond exhibits a rare natural blue fluorescence that echoes its Arctic origins.\"\n \n \n The Polaris diamond appears colorless in daylight, but under ultraviolet light its deep blue color, as pictured, is reminiscent of the northern lights seen overhead on clear winter nights in the Canadian Arctic.\n \n \n \n About Mountain Province Diamonds Inc.\n \n \n \n Mountain Province Diamonds\n \n \n is a 49% participant with De Beers Group in the Gahcho Kué diamond mine located in\n \n Canada's\n \n \n Northwest Territories\n \n . The Gahcho Kué Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future...