Canadian diamond mining company Mountain Province expects to resume its traditional sales methods in September, after being unable to execute any formal sales during the Covid-hit second quarter.
With the market for rough diamonds coming to a virtual halt as a result of the pandemic, the 50% owner of Gahcho Kué had to seek out alternative sales channels. Investor Dunebridge Worldwide agreed to buy $50-million worth of diamonds from the company, providing a vital liquidity lifeline.