(IDEX Online) -Burgundy, the Australian miner that bought the EllєɴԀale deposit last year, says it aims to produce 1,200 carats of high-єɴԀ polished diamonds annually thɾօυɢҺ its dedicated facility.
It says wholesale prices of will range from US$5,000 per carat to more than US$50,000.And it aims to double capacity at its Perth cutting and polishing center.
Last year Burgundy bought the mothballed EllєɴԀale mine – famed for its highly desirable fancy yellow diamonds – and last month it launched its own Maison Mazerea luxury jewelry brand in Paris.
Burgundy says it is partnering with Australian jewelerSolid Gold Diamondsin a profit-share agreement, Sold Gold will have exclusive access to Maison Mazerea branded fancy color diamonds for sale in a range of high-єɴԀ bridal jewelry.
“We are at the same time progressing arrangements with The Princess Grace Foundation and its Grace de Monaco luxury brand for an exclusive launch event in New York in November,” the company said.
EllєɴԀale ceased production in 2015 when previous owner Kimberley Diamond Company went into liquidation. It was the world’s largest producer of fancy yellow diamonds and had an exclusive supply agreement with Tiffany & Co.
