Desmond makes €7m profit from Canadian diamond sales
Irish billionaire Dermot Desmond has been supporting Mountain Province Diamonds, his Canadian mining company, while the traditional diamond markets are closed due to Covid-19
Dermot Desmond has sold €45 million worth of diamonds from his Canadian mining company and made a profit of more than €7 million, company filings show.
The Irish billionaire has been supporting the company, Mountain Province Diamonds, by buying diamonds from it while the traditional diamond markets have been shut because of Covid-19.
Through 2020, he bought Can$66.6 million worth of diamonds from the company in a series of private transactions, with the proviso that...
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