Australia's Burgundy Diamond rises on deal with Paris jeweller

Burgundy Diamond Mines

08/12/2021 03:30

Dec 8 (Reuters) -    ** Shares of Burgundy Diamond Mines
 BDM.AX  rise about 4.1% to A$0.255, marking their best day
since Dec. 1
    ** Diamond explorer signs a sales deal with Paris design
jeweller Bäumer Vendôme and establishes a unit in the city to
house its ultra-luxury brand to be launched in 2022  urn:newsml:reuters.com:*:nFWN2SS138
    ** BDM to provide polished "Fancy Colour" diamonds and
Bäumer Vendôme will design, produce and sell jewellery featuring
these stones
    ** Deal will give access to higher profit margin generated
by retail jewellery sales - Burgundy Diamond 
    ** Stock has gained 44.1% this year, as of last close


 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))