The rough diamond market is showing signs of stability and early signs of a potential price recovery in the cheaper run-of-mine products, Canadian miner Mountain Province VP of diamond marketing Reid Mackie said on Thursday.
He reported that the company, whose primary asset is its 49% interest in the Gahcho Kué mine in the Northwest Territories with De Beers Canada, has had a strong start to 2019, with increased customer demand for its product and price increases observed across most rough diamond categories, particularly for the high-value diamonds.