Desmond-backed Mountain Province Diamonds claims it is turning corner

The company announced that it had made CAN$156 million in sales in the first half of 2019, compared with $165 million the year before

Dermot Desmond: key backer of diamonds firm

Mountain Province Diamonds - the Canadian diamond company backed by Dermot Desmond - might be turning a corner, it claimed last week.

The company announced that it had made CAN$156 million in sales in the first half of 2019, compared with $165 million the year before, while its earnings before tax fell 21 per cent from $74.7 million in 2018 to $58.8 million.

That performance was largely due to “continued pressure on prices” ...