Desmond-backed diamond firm breaks $1bn in gem sales
Mountain Province Diamonds reported last month that it had ‘turned a corner’ on its sales decline of 2020 due to the rising price of diamonds
Mountain Province Diamonds (MPD), the Canadian mining company, announced that it surpassed more than $1 billion (€887 million) in revenue since it began selling in early 2017.
The company, of which Irish billionaire Dermot Desmond is the majority shareholder with a stake of 32 per cent, recorded diamond sales of $33.3 million (€29.5 million) during its most recent diamond sale.
MPD said it saw “unprecedented levels of demand” for its brown diamonds, lower-quality diamonds and ...