Burgundy Diamond Mines has edged closer to cementing its place as a leader in the fancy coloured diamonds market after announcing the launch of its new ultra-luxury diamond brand in Paris.
The WA-based diamond exploration company unveiled its high-end Maison Mazerea brand at Hotel Marois in Paris earlier this month.
It marked the first public appearance of its Grace Diamond — one of the rarest pink diamonds in the world — which was discovered in Rio Tinto’s now-exhausted Argyle diamond mine and then purchased by Burgundy.
Fancy colour natural diamonds produced by Maison Mazerea will be characterised by unique heritage cuts hand-crafted through meticulous cutting and polishing by world-renowned artists, Burgundy said in a statement.
Burgundy acquired facilities for cutting and polishing of rough diamonds in Perth in mid-2021.
“We now have all the pieces in place to rapidly grow our diamond business, from discovery to design, delivering greater return to shareholders,” Burgundy managing director Peter Ravenscroft said.
Shares in Burgundy closed down 10 per cent today at 14¢ per share.