Useful diamond market info, page-13

It looks like the rough acquisition, as per the announcement on the 19/Jan, was a good purchase considering the likely upward movement in price due to the Russian situation.
I trust the $4.5 million spend is cheaper than current pricing thus more profit margin on the cut stones.
Lets hope the retail market stays strong also.
The sooner BDM can operate from mine to store to control their own costs the better IMO

19 January 2022
Highlights
• Purchased parcel of approximately 350 carats of 2-5 carat stones produced in 2009 from former
Ellendale Mine;
• Additional parcel of around 150 carats of Fancy Yellow rough diamonds purchased from Arctic
Canadian Diamond Company Ltd;
• Total outlay for the rough diamond parcels is approximately A$4.5 million, with Burgundy anticipating
the diamonds to be sold for several multiples of the price paid by the Company;
• Ongoing execution of strategy to purchase third-party rough diamonds and extract significant
margin from cutting and polishing and profit-sharing on sale of design jewellery;
• Initial cashflow from sales relating to current purchases expected before end of Q2 2022.