ASX-listed Burgundy Diamond Mines, the operator of the Ekati Mine in Canada, achieved $93 million in revenue from two successful diamond sales cycles in the fourth quarter of 2024.
Q4 Sales Highlights
- October Sales Cycle:
Generated $47 million from the sale of 583,000 carats at an average price of $80 per carat. - December Sales Cycle:
Earned $46 million from the sale of 425,000 carats at an average price of $106 per carat.
Burgundy CEO Kim Truter highlighted the strong performance of Ekati’s ethically sourced diamonds:
“Ekati’s ethically produced G7 product sold well this quarter, achieving $106 per carat in the latest sale. While this number reflects a higher-quality parcel of goods, we also observed gains in the mid- to large-size categories compared to the October sale. This bodes well for a recovering diamond market.”
The results indicate growing demand for high-quality, ethically sourced diamonds and signal potential recovery in the broader diamond market.
Burgundy continues to focus on optimizing its operations to maintain strong sales momentum. ASX-listed Burgundy Diamond Mines, the operator of the Ekati Mine in Canada, achieved $93 million in revenue from two successful diamond sales cycles in the fourth quarter of 2024.
Q4 Sales Highlights
- October Sales Cycle:
Generated $47 million from the sale of 583,000 carats at an average price of $80 per carat. - December Sales Cycle:
Earned $46 million from the sale of 425,000 carats at an average price of $106 per carat.
Burgundy CEO Kim Truter highlighted the strong performance of Ekati’s ethically sourced diamonds:
“Ekati’s ethically produced G7 product sold well this quarter, achieving $106 per carat in the latest sale. While this number reflects a higher-quality parcel of goods, we also observed gains in the mid- to large-size categories compared to the October sale. This bodes well for a recovering diamond market.”
The results indicate growing demand for high-quality, ethically sourced diamonds and signal potential recovery in the broader diamond market. Burgundy continues to focus on optimizing its operations to maintain strong sales momentum.
