Saturday February 22, 2020

Desmond’s Canadian diamond firm optimistic for 2020

Mountain Province Diamonds has told its shareholders that the market for gems is stabilising

Barry J Whyte

Chief Feature Writer

5th January, 2020
Dermot Desmond, owner of Mountain Province Diamonds: the firm is confident the market is stabilising Picture: PA

Mountain Province Diamonds, the Canadian diamond mining company owned by Dermot Desmond, has told its shareholders that the diamond market is stabilising.

In a statement to investors before Christmas, the company said that “the second half of 2019 has clearly been challenging for all diamond producers with prices for rough diamonds experiencing sustained pressure”.

However, “prices over [the company’s] last two sales have been positive”, it said, and “the major producers have also continued...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Co-living schemes have a place, according to the former banking executive whose firm lends to developers around the country

Killian Woods | 6 days ago

As more than 100 managers take voluntary redundancy, lender says move to digital first banking may mean more job cuts

Ian Guider | 6 days ago

Dispute escalates as Paddy Power tells Mandate trade union that gardaí will be called if its officials go into premises to talk to staff

Aaron Rogan | 6 days ago