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New Ellendale Owners Raise $37m

New Ellendale Owners Raise $37m
idexonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idexonline.com Daily Mail and Mail on Sunday newspapers.

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New focus on old diamond mine: Ellendale to get new lease of life - Jeweller Magazine: Jewellery News and Trends

New focus on old diamond mine: Ellendale to get new lease of life
Posted July 07, 2021 | By Jeweller Staff
Burgundy Diamond Mines has announced that it aims to establish a new fancy colour diamond cutting and polishing facility in Western Australia as it takes control of the Ellendale Mine.
We will use this capability to maximise the value of our own future fancy colour diamond production and to pursue other business opportunities in this high-value segment
Peter Ravenscroft, Burgundy Diamond Mines
In a release to the Australian Securities Exchange (ASX), the company announced “it has advanced several recent arrangements that will facilitate its evolving strategy to grow into downstream operations in the high-value Fancy Colour Diamonds sector. ....

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Ellendale New Owners to Open Cut a b /b nd Polish Facility

Ellendale New Owners to Open Cut a b /b nd Polish Facility
idexonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idexonline.com Daily Mail and Mail on Sunday newspapers.

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5 of Australia's Rarest Diamonds | Most Valuable Gems

Australia ranks fourth in diamond production with annual output of roughly 14.2 million carats. Learn about five of the country’s most unique gems.
There are three famed diamond mines in Australia: Argyle, Ellendale and Merlin.
Combined, the mines have supplied millions of carats worth of gems to the global market, and individually they have produced some of the rarest, most exquisite stones ever recovered.
In previous years, Australia has ranked fourth in global diamond production with annual output of roughly 14.2 million carats. However, the country is unlikely to take a top spot in 2021.

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That’s because 2020 was a transitional year for the nation’s diamond sector with the permanent closure of Argyle, its only operational diamond mine. As one of Australia’s most prolific mines, Argyle produced 865 million carats over 37 years, including 90 percent of the world’s rare pink diamonds. ....

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