Dominion Diamond Sells 186 Carat Diamond for $2.8 Million

The stone is the largest recovered from the Ekati mine in Canada

Dominion Diamond Corp. sold a 186 ct. gem-quality diamond for $2.8 million at its September sale, the company has reported.

The stone was recovered in June from the company’s Ekati mine in Canada’s Northwest Territories. It is the largest gem-quality diamond ever recovered from the mine.

“The Ekati mine is world-renowned for its premium gem-quality diamonds,” said CEO Brendan Bell in a statement. “We are particularly encouraged that this exceptional stone was recovered during the processing of ore mined from the early benches of the Pigeon open pit. The recovery of a gem-quality stone of this size is a reminder that there continues to be upside potential to the modeled prices used for our Ekati ore bodies.”

The company also announced that it has restarted operations at the plant after a June fire that reduced operations.

“We are very pleased the process plant repairs have been substantially completed ahead of schedule and below our original cost estimate,” said Bell. “This is a testament to the outstanding skills and determined efforts of our team at Ekati. Their contributions were instrumental in the development and implementation of our active management strategy, which is expected to help minimize the impact of the fire on production and cash flows for this fiscal year.”