Sentiment in the rough diamond market was “slightly more optimistic” towards the end of 2019 and has remained “relatively positive” as the market prepares for the first selling cycle of 2020, Canadian miner Mountain Province reports.
The company, which is a 49% participant with De Beers in Gahcho Kué diamond mine located in Canada’s Northwest Territories, states that the mine closures over the next 12 to 18 months will help establish a more balanced supply and demand equilibrium in the diamond market.