CALGARY, Alberta, May 13, 2025 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) confirms the strategic intention to partner with carefully selected diamond manufacturers and traders, jewellers and luxury brands to maximize the value of its sustainably mined Canadian diamonds.
The partnerships are to be founded on a shared commitment to leadership in provenance, traceability, product excellence and value creation.
Aligned with this approach and based on a thorough assessment of the long-term viability of Burgundy's diamond cutting and polishing operations in Perth, Western Australia, the Company has made the decision to close the facility.
"We extend our sincere gratitude to our Perth team for their many years of dedication and contribution to the diamond industry and Burgundy," said Kim Truter, CEO of Burgundy Diamond Mines. "Shareholders expect us to constantly improve and review every aspect of our business performance which this decision demonstrates. We remain committed to vertical integration through our sales office in Antwerp and our strategic partnerships."
This decision is not expected to result in any material financial or production impacts for Burgundy. The closure process is anticipated to be completed by mid-year 2025.
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