Burgundy Diamond Mines Limited has confirmed a major shift in its polished diamond sales strategy, announcing the closure of its cutting and polishing facility in Perth, Western Australia. The move forms part of a broader strategy to strengthen partnerships with select manufacturers, traders, jewellers and luxury brands to enhance value creation for diamonds from its owned and operated Ekati mine in Canada.
The company said these new partnerships would be grounded in shared values of provenance, traceability, and product excellence. Burgundy’s vertically integrated sales model will now centre around its Antwerp office and a curated network of industry collaborators.
Burgundy CEO Kim Truter commented, “We extend our sincere gratitude to our Perth team for their many years of dedication. Shareholders expect us to continually improve business performance, and this decision reflects that commitment.”
The closure, expected to be completed by mid-2025, is not projected to have any material impact on Burgundy’s financials or production.
Burgundy, which operates the Ekati Diamond Mine in Canada, positions itself as a global-scale diamond company with a unique end-to-end value chain approach, ensuring traceability from mine to market. Founded in Perth, the company continues to focus on sustainable, ethical diamond production.