Business
Dermot Desmond’s diamond sales fall short of expectations
Mountain Province had its highest ever first quarter revenue but sold fewer carats, according to the company’s chief executive
Diamond sales for the first quarter of 2023 have “not met my expectations”, according to Mark Wall, the chief executive of Dermot Desmond’s Mountain Province mining company.
The company had sales of CAN$128.7 million (€87 million), which is the highest first-quarter revenue for the company to date but it got lower return per carat sold than in 2022 when it made sales of €57 million. In the same period in 2022, the company sold 506,567 ...