Australia's Burgundy Diamond Mines up on new diamond brand sales

Burgundy Diamond Mines

14/09/2022 07:11

** Shares of Burgundy Diamond Mines Ltd  BDM.AX  rise as
much as 7.5% to A$0.215, their highest since Aug 18      
    ** Co commences sales of diamond brand Maison Mazerea in the
first stage of an agreement with Solid Gold Diamonds, an
Australian jeweller  urn:newsml:reuters.com:*:nASXbX61Xx
    ** Adds that under stage two of agreement, both the
companies will work closely on the design and production of an
exclusive, high-value fine jewellery collection     
    ** More than 329,000 shares change hands, vs the 30-day
average volume of about 251,000 
    ** Stock has fallen 14.9% this year, as of last close
  

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))