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Mountain Province Sales Slip Amid Weak Rough Prices
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Mountain Province Sales Slip Amid Weak Rough Prices
Mountain Province’s revenue fell in 2025 as the diamond industry faced challenges that resulted in weak rough prices. Sales of rough from the company’s Gahcho Kué mine in Canada dropped 43% to $111.5 million last year due to difficult market conditions and uncertainty regarding US tariffs, it said Tuesday. Other issues pressuring the rough-diamond prices were the lab-grown trade and geopolitical factors. Sales volume declined 30% to 1.9 million …
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