Mountain Province Diamonds announces production and sales results for the fourth quarter ended December 31, 2023 (Q4 2023), and Full-Year 2023 (FY 2023) from the Gahcho Kué Diamond Mine (GK Mine). According to the fact and figures, 9,831,021 total tonnes mined during the Quarter, a 3% decrease on comparable period (Q4 2022: 10,144,844). 37,147,350 total tonnes mined during FY 2023, a 9% increase from comparable period (FY 2022: 33,947,188).
The Gahcho Kué Diamond Mine, 1,572,696 carats recovered during the Quarter at an average grade of 1.84 carats per tonne, 3% lower than comparable quarter (Q4 2022: 1,621,800 carats at 1.96). 5,557,655 carats recovered during FY 2023 at an average grade of 1.71 carats per tonne, 1% higher than comparable period (FY 2022: 5,519,309 carats at 1.78).
Q4 2023 diamond sales totaled 917,757 carats sold at an average value of $87 per carat (US$64 per carat) for total proceeds of $79.8 million (US$58.9 million) in comparison to 757,830 carats sold at an average value of $127 per carat (US$94 per carat) for total proceeds of $96.3 million (US$71.3 million) in Q4 2022. The lower average value per carat sold in Q4 2023 was the result of the mix of goods sold, reflecting the sale of a finer set of goods held back from previous quarters.
During FY 2023, 2,717,742 carats were sold at an average value of $121 per carat (US$90 per carat) for total proceeds of $328.6 million (US$243.8 million) in comparison to 2,656,387 carats sold at an average value of $146 per carat (US$112 per carat) for total proceeds of $388.8 million (US$297.3 million) in FY 2022.
Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D
Heartiest congratulations to Team GJC on acquiring our own office. This marks a new milestone for the team. Wishing you greater success and many more achievements ahead 💐💐
4
Congratulations to Team GJC on the inauguration of the new office. Best wishes from Team Heera Zhaveraat.
Read more:
https://heerazhaveraat.com/gjc-inaugurates-new-office-welcomes-economic-measures-and-presents-structured-roadmap/
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
