Sourcing

First Diamond Recovered From Burgundy’s Ellendale Restart

SourcingSep 22, 2022

First Diamond Recovered From Burgundy’s Ellendale Restart

Burgundy also announced the retail launch of its diamond brand, Maison Mazerea.

20220922_Burgundy polished.jpg
Burgundy produced these polished diamonds at its facility in Perth. The Australian mining company recently announced the recovery of its first diamond at Ellendale and the retail launch of its diamond brand, Maison Mazerea. (Photo courtesy of Burgundy Diamond Mines Ltd.)
Perth, Western Australia—Burgundy Diamond Mines Ltd. is inching closer to reopening the Ellendale Mine in Western Australia, a once-significant source of yellow diamonds that’s been closed since 2015.

The Australian mining company said earlier this year it expects to start commercial production at the mine by the end of 2022.

On Sept. 8, the Australian mining company announced the recovery of its first diamond from Ellendale, a 1.51-carat fancy yellow octahedral (pictured below) found at the Blina alluvial project.

It reiterated its assertion that production will start in Q4.

A full-year production forecast is not yet available, though a spokesperson for the mine noted, “the recovery of the first diamond at Ellendale within the first weeks of operations is a very promising sign.”

20220922_Ellendale restart first diamond.jpg
Photo courtesy of Burgundy Diamond Mines Ltd.

Burgundy holds the rights to the Blina alluvial project as well as “key parts” of the Ellendale Mine. 

Burgundy Managing Director Peter Ravenscroft, a former Rio Tinto executive, said in an interview earlier this year that it plans to begin mining at Blina and expand from there.

Commenting on the find in a news release, he said: “The first diamond recovered at Blina is an example of the potential quality of product from the Blina alluvials and the wider Ellendale project, and we look forward to building toward commercial production of these exquisite fancy yellow diamonds.” 

Two weeks after finding that first diamond, Burgundy announced it had started selling diamonds under the brand name it created for Ellendale production, Maison Mazerea, at Australian independent Solid Gold Diamonds.  

Solid Gold has two stores, one in Perth, Western Australia, and the other in Adelaide, South Australia. 

Stage one of the partnership between the miner and the retailer has Solid Gold Diamonds selling engagement rings set with Maison Mazerea-branded diamonds. 

Stage two, which is set to launch next month, will see Burgundy and Solid Gold collaborate on a fine jewelry collection.

 Related stories will be right here … 

The diamonds currently being sold under the Maison Mazerea name are stones Burgundy purchased from other companies, including the approximately 350 carats mined at Ellendale in 209 that it bought in September 2021, and the 150 carats of fancy yellows from Arctic Canadian Diamond Company Ltd. it purchased in January.

Burgundy’s long-term ambition is to build what Ravenscroft describes as an “end-to-end” diamond company—it will mine yellow diamonds at Ellendale, have them cut at its facility in Perth by cutters from Rio Tinto’s now-closed Argyle Diamond Mine, and set into jewelry sold under the Maison Mazerea name.

It said it is working on developing sales agreements with other jewelers and watchmakers worldwide and anticipates future supply will be a mix of diamonds mined at Ellendale and stones purchased from other companies.

The mine spokesperson said it plans to hold a launch event for Maison Mazerea in New York in the coming months, adding that, “the U.S. market is a key market for Burgundy and Maison Mazerea.”

Editor’s note: The headline of this story was corrected post-publication to clarify that the 1.51-carat diamond was the first diamond that Burgundy Diamond Mines Ltd. recovered, not the first diamond recovered from the Ellendale restart overall.  

The Latest

Diamonds Direct Atlanta store
MajorsJul 26, 2024
Diamonds Direct Opens Store in Atlanta

It’s the Signet-owned banner’s first location in Georgia.

Bea Bongiasca’s Double Loop Earrings
TrendsJul 26, 2024
Piece of the Week: Bea Bongiasca’s ‘Double Loop’ Earrings

Commemorate “brat summer” with these green hoops.

Stock image of Providence, Rhode Island, skyline
EditorsJul 26, 2024
Out & About: A Dispatch from the Nation’s Smallest State

Editor-in-Chief Michelle Graff returns from Rhode Island with thoughts about in-store shopping and a trends report.

Untitled design.jpg
Brought to you by
The End of an Era? Lab-Grown Diamonds' Journey Towards Price Stability

As the demand for lab-grown diamond jewelry may still be increasing, the most notable change we are likely to see is price stabilization.

Supplier BulletinJul 25, 2024
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional Edition

Sponsored by Gemological Institute of America

Weekly QuizJul 25, 2024
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Amazon package outside door
TechnologyJul 25, 2024
Amazon, BBB Sue Website Allegedly Peddling Fake Reviews

They claim ReviewServiceUSA.com was selling both positive and negative reviews of products and businesses.

IndependentsJul 25, 2024
Store Designer Ruth Mellergaard Dies

A longtime member of IJO, she’s remembered for her passion for design, learning, and environmentalism.

1872 x 1052 Gemolite.jpg
Brought to you by
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional Edition

GIA®’s most advanced microscope has new features to optimize greater precision and comfort.

Pomellato Malachite Pom Pom Dot bracelet
FinancialsJul 25, 2024
Boucheron, Pomellato Post Double-Digit Growth in Q2

The gains come amid a tough time for parent company Kering, which saw sales slide 11 percent in the first half of the year.

Shane Co. and the Kids in Need foundation logo
MajorsJul 25, 2024
Shane Co. Partners With Kids In Need Foundation to Donate 7,200 Backpacks

The fine jewelry retailer filled backpacks with back-to-school essentials for students in 13 states.

Bulgari high jewelry campaign
FinancialsJul 24, 2024
LVMH’s First-Half Jewelry, Watch Sales Dip 5%

Tiffany & Co. is focusing on its “iconic” collections while the company has made changes at the top at TAG Heuer and Hublot.

Chaumet Paris 2024 Olympics medals
MajorsJul 24, 2024
See Chaumet’s Paris Olympic Medals Inspired by its High Jewelry

The Parisian brand is the first jewelry company in the history of the Olympic and Paralympic Games to design the medals.

Jewelers Mutual and Union Life and Casualty logos
MajorsJul 24, 2024
Jewelers Mutual Acquires Pawnbroker Insurance Provider

Union Life & Casualty will join JM Insurance Agency Partners, expanding the provider’s pawnbroker coverage.

Bradlei Smith
MajorsJul 24, 2024
Ben Bridge Announces 2024 Lonia Tate Scholarship Winner

Los Angeles-based Bradlei Smith was selected for this year’s award.

National Jeweler columnist Peter Smith
ColumnistsJul 23, 2024
Peter Smith: The Case for Optimism in Sales

In his latest column, Smith shares multiple reasons why people who look at the glass as being hall full often make better salespeople.

Long’s Jewelers giveaway promo
IndependentsJul 23, 2024
Long’s Jewelers Is Giving Away a Luxury Cape Cod Vacation

The giveaway is part of the New England jeweler’s summer bridal event.

Sophia Moreno-Bunge of Isa Isa modeling Guzema’s Hidden Beauty collection
CollectionsJul 23, 2024
Guzema Debuts ‘Flower Power’ Campaign

The ad features three celebrity florists creating floral sculptures while wearing jewelry by Guzema.

Tresia Shituula, Monkgogi Moshaga, Mohamed Samu
Policies & IssuesJul 23, 2024
Diamonds Do Good Announces Its 2024 Entrepreneurship Grant Winners

The grant provided a total of $100,000 to support 13 entrepreneurs from diamond communities in Africa and India.

Ghazi “Gus” Michel Osta
CrimeJul 22, 2024
Florida Jeweler Shot, Killed Following Argument With Customer

Ghazi Michel Osta, or “Gus,” was killed Friday by an 83-year-old man said to be a frequent customer at his store, Volusia Gold & Diamond.

Elyssa Jenkins-Perez and Effie Marinos
Policies & IssuesJul 22, 2024
JVC’s Elyssa Jenkins-Pérez Joins RJC

The organization also announced Effie Marinos as its new specialist advisor for technical standards, as well as four other appointments.

Karen Rentmeesters
SourcingJul 22, 2024
AWDC Names Karen Rentmeesters as CEO

Rentmeesters has served as interim CEO since April following former CEO Ari Epstein’s resignation.

Brian and Jessie Mann
IndependentsJul 19, 2024
Longtime D.C. Jeweler Brian Mann Dies at 70

Mann, whose family’s jewelry store was located inside the Pentagon, is remembered for being a thoughtful champion of the industry.

Tudor store in Denver
IndependentsJul 19, 2024
The 1916 Company Opens New Tudor Boutique

The 500-square-foot boutique is located in Denver’s Cherry Creek Shopping Center.

Messika’s So Move Max Necklace
CollectionsJul 19, 2024
Piece of the Week: Messika’s ‘So Move Max’ Necklace

Dance all night long with the “So Move Max” set’s necklace.

Julien Tornare and Antoine Pin
WatchesJul 18, 2024
TAG Heuer, Hublot Will Have New CEOs

Luxury giant LVMH is reshuffling the leadership in its watches division.

Etsy billboard rendering in NYC
MajorsJul 18, 2024
New Etsy Campaign Prioritizes Creators Amid Backlash

Sellers and shoppers have spoken out against a rise in mass-produced merchandise on the platform meant to highlight handmade goods.

Ariana Grande Modeling in Swarovski Jewelry
MajorsJul 18, 2024
Swarovski Names Ariana Grande as Its New Brand Ambassador

The celebrity will star in Swarovski’s holiday campaign.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy