Mountain Province Diamonds Inc. (TSX: MPVD) has announced the preliminary results of its latest diamond sale, which closed on November 14, 2018. These results include the sale of fancies and specials to De Beers Canada as part of the previous production split, where De Beers Canada was the successful bidder.
Total proceeds from the sale were US$17.7 million (CDN$23.3 million) from 245,751 carats at an average realized value of US$72 per carat. A company statement said, “We continued to see good price bids for our better quality larger goods where the majority of our value lies. We saw a slight increase in the pricing for lower qualities and smaller sizes, compared to our previous two sales.