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: Shutterstock

Apparel/Garments | On 21st Feb 2020

France unveils environment score system for apparel

France has launched a system under which apparel may now display a...

Pic: Asia Pacific Rayon

Textiles | On 21st Feb 2020

APR’s new viscose rayon production facility inaugurated

The president of Indonesia, Joko Widodo, has inaugurated Indonesia's...

Pic: II.studio / Shutterstock.com

Fashion | On 21st Feb 2020

Re-commerce gaining momentum in India

The hazards of fashion industry are well-known, and to curb its...

Interviews View All

Software Firms, Head honchos

Software Firms
Head honchos

Blockchain technology will shorten lead times

Footwear industry, Head honchos

Footwear industry
Head honchos

There is rising demand for fancy, trendy and yet comfortable footwear

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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


February 2020

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


Advanced Search