Burgundy shifts sales strategy, closes Perth polishing facility
Canada-focused Burgundy Diamond Mines said on Tuesday that it would refine its approach to the high-end diamond market by forging new partnerships with manufacturers, traders, and luxury brands, while closing its polishing facility in Perth, Western Australia.
The ASX-listed company said the move aligned with a strategy to “maximise the value of its sustainably mined Canadian diamonds” by partnering with select industry players committed to provenance, traceability and product excellence.
The shift follows “a thorough assessment of the long-term viability” of its Perth cutting and polishing operations, Burgundy said. The closure was expected to be completed by mid-2025 and would not materially impact financials or production, the company stated.
“We extend our sincere gratitude to our Perth team for their many years of dedication and contribution to the diamond industry and Burgundy,” said CEO Kim Truter.
“Shareholders expect us to constantly improve and review every aspect of our business performance which this decision demonstrates. We remain committed to vertical integration through our sales office in Antwerp and our strategic partnerships.”
The Perth facility had long been part of Burgundy’s vertically integrated supply chain, and its closure marks a pivot toward a more collaborative, partnership-driven model. The company said future sales would increasingly flow through Antwerp, where it operated a dedicated office focused on high-value transactions and traceable sourcing.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
