Mountain Province just found this massive diamond at Gahcho Kué

Mountain Province Diamonds (TSX:MPV), which holds a 49% stake in Gahcho Kué, one of Canada's newest diamond mine and the world’s largest of its kind in the last 13 years, has just found a massive gem at the operation.

The company said the 67.87-carat gem quality octahedron rock, unearthed during production ramp-up, is the largest gem quality diamond recovered to date at Gahcho Kué, which is one of the world’s 10 biggest diamond mines.

The 67.87-carat gem quality octahedron diamond is the largest of its kind recovered to date at the mine.

The company’s President and CEO, Patrick Evans, said production ramp-up at the remote mine, which is also the world’s highest grade new diamond operation, is progressing well despite some recent disruptions related to systems’ winterization, adding that Gahcho Kué is on track to achieve commercial production on schedule during the current quarter.

Situated almost 300 kilometres east of Yellowknife, in Canada’s Northwest Territories, the mine opened up in September last year and has so far provided a $341 million (Cdn$440 million) boost to the territories’ economy. It has also contributed a further $272 million (Cdn$350 million) to the rest of Canada, according to DeBeers, which holds a 51% stake in the mine.

Mountain Province said photos of the diamond could be found on its website, but none was available at the time this story was written.

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