| Burgundy Diamond Mines Ltd | |
| Type: | Subsidiary |
| Location City: | Calgary, Alberta |
| Location Country: | Canada |
| Industry: | Nonmetallic Mineral Mining |
| Products: | Diamonds |
| Revenue: | $720.57 million USD (2016)[1] |
| Operating Income: | $7.99 million USD (2016) |
| Num Employees: | 1625 (including contractors).[2] |
Burgundy Diamond Mines Limited is an end-to-end global diamond company that delivers gem-quality diamonds from its cornerstone asset Ekati Diamond Mine through rough sales to its polished and cut diamond sales office in Perth, Australia. Burgundy is publicly traded on the Australian Stock Exchange (ASX:BDM) and is the parent company of Arctic Canadian Diamond Company Limited.[3] The company sources its gem-quality diamonds from the Ekati Diamond Mine, located in the Northwest Territories, Canada. The company has a corporate office in Calgary, Alberta, Canada, a rough diamond sales office in Antwerp, Belgium, and a cut and polishing facility in Perth, Australia.[4]
Burgundy Diamond Mines Limited was initially known as EHR Resources Limited, an exploration company focused on a single gold and silver project, and publicly traded on the Australian Stock Exchange (ASX:EHX) since January 3, 2013.
On November 20, 2020, EHR Resources changed its name to Burgundy Diamond Mines[5] to reflect the company’s transition into a developer of diamond projects with investments into the Naujaat Diamond Project in Canada’s Northwest Territories and the Botswana Exploration Alliance.
On March 24, 2021, Burgundy Diamond Mines signed an option deed with Glibb River Diamonds Ltd. (ASX:GLB) to acquire 100% ownership of the Ellendale Diamond Project and Blina projects in the West Kimberly region of Australia. The company decided not to exercise the option to acquire the Ellendale Diamond Project on March 20, 2023.[6]
In July 2022, Burgundy launched its luxury diamond brand Maison Mazerea.[7]
On March 14, 2023, Burgundy announced that it had entered into a share purchase agreement with the Arctic Canadian Diamond companies (Arctic Canadian Diamond Holding LLC to acquire 100 percent of the issued capital in Arctic Canadian Diamond Company Ltd. and Arctic Canadian Diamond Marketing N.V.). The transaction closed in July 2023, which making Burgundy Diamond Mines a fully integrated global scale company that has the ability to trace the full chain of custody of high quality ethically and sustainably sources diamonds from Ekati Diamond Mine in Canada directly to its customers.