Australia's Burgundy Diamond Mines rises on sales deal with Perth-based jeweller

Burgundy Diamond Mines

03/08/2022 05:45

** Shares of end-to-end diamond co Burgundy Diamond Mines
Ltd  BDM.AX  rise as much as 12.9% to A$0.175
    ** Co's brand Maison Mazerea enters a two-stage agreement
with Perth-based jeweller Solid Gold Diamonds  urn:newsml:reuters.com:*:nASX69qnZz
    ** Says stage one involves an initial agreement regarding
bridal jewellery, with a profit-sharing agreement on all sales
    ** Adds stage two will focus on design and production of an
exclusive fine jewellery collection
    ** More than 1.2 mln shares change hands, 7.2 times the
30-day average of 165,803 shares
    ** As of last close, stock down 34% this year

    

 (Reporting by Echha Jain in Bengaluru)
 ((echha.jain@thomsonreuters.com))