Diavik Produces 1.79 Million Carats in Q2

The Diavik Diamond Mine

For the first half of the year, the mine produced 3.4 million carats compared to 3.1 million carats in the   prior year period.

According to Harry Winston Diamond Corporation, which owns 40 percent of Diavik, the mine’s full-year target production remains at 8.3 million carats.

Production in the second half of the year is forecast to be higher than the first half due to a ramp-up of carats recovered from A-418 underground plus the reprocessing of approximately 1 million carats of plant rejects.

Harry Winston estimates that current market prices have declined by approximately 4 percent from the beginning of the fiscal year and by approximately 8 percent since its March/April 2012 sales.