Home / Knowledge / News / Fashion / Aber's share in diamond production rises 9%

Aber's share in diamond production rises 9%

19
Jan '06
Leading diamond-marketing company Aber Diamond Corporation confirmed that total of 7.74 million carats of diamonds were delivered to the owners by the Diavik Diamond Mine during the calendar year 2005.

The quantity of diamonds produced during the same period was 8.27 million carats.

Although the diamond production is slightly below the mine plan estimate of 8.5 million carats the quantity delivered was in accordance with the mine plan.

Aber's 40 percent share of diamonds produced was 3.31 million carats for the year, 9 percent greater than the prior year, with 0.73 million carats being produced in the last calendar quarter of 2005.

The average recovered grade of ore processed during the year was 3.72 carats per tonne.

Chairman and Chief Executive Robert Gannicott said, "They are pleased with the continued growth in production at Diavik as work proceeds to open more working faces to dependably deliver ore to the expanded processing capacity.

They are also optimistic that improvements to both mining and processing methods may improve the liberation and recovery of enhanced diamond value".

The results for the full fiscal year ending January 31st 2006, as well as the fourth quarter, are expected to be released during the week of March 13th 2006.

These will be accompanied by a conference call and webcast.

Aber Diamond Corporation is a specialist diamond company focusing on the mining and retail segments of the diamond industry.

The Company supplies rough diamonds to the global market through its 40 percent ownership in the Diavik Diamond Mine, located off Lac de Gras in Canada's Northwest Territories.

Aber also holds a 53 percent interest in Harry Winston Inc, the premier retailer of diamond jewelry.

Aber Diamond Corporation


Must ReadView All

Pic:  TonelsonProductions / Shutterstock.com

Apparel/Garments | On 16th Apr 2021

CPTPP boosts Vietnam's exports, pandemic a mild dampener

Vietnam's exports to its partners in the Comprehensive and...

Pic: Smartwool

Apparel/Garments | On 16th Apr 2021

US merino wool apparel maker Smartwool to go 100% circular by 2030

Smartwool, a Denver, US-based maker of merino wool apparel for active ...

Pic: Steve Madden

Apparel/Garments | On 16th Apr 2021

US company Steve Madden acquires remaining share of European JV

Steve Madden Ltd, a leading designer and marketer of fashion-forward...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Social media critical in regeneration of businesses

Textile Industry, Head honchos

Textile Industry
Head honchos

Consumer sentiment will be conservative after lockdown

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Himanshu Fogla,

Himanshu Fogla

Jumac, pioneers in spinning can manufacturing in India, was founded in...

Rajesh Vig & Ritu Vig,

Rajesh Vig & Ritu Vig

Rajesh Vig and Ritu Vig, promoters of the kidswear brand Happy Feet,...

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search