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Burgundy bets on vertical integration in ultra-luxury diamonds play

Michael BennetWA reporter

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In a couple of months, Peter Ravenscroft plans to be in Paris launching Australia’s first ultra-luxury diamond brand since the renowned Argyle pink diamonds.

Not too long after, the boss of Burgundy Diamond Mines hopes jewellers will be selling diamonds mined, cut, polished and branded by the listed Perth-based junior to the rich and well heeled for up to $10 million a pop.

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Michael Bennet is WA reporter for The Australian Financial Review based in Perth. He has worked as a journalist for more than a decade, including at The Australian where he was senior banking reporter and also covered economics, markets and deals. Connect with Michael on Twitter. Email Michael at michael.bennet@afr.com

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    Original URL: https://www.afr.com/companies/mining/burgundy-bets-on-vertical-integration-in-ultra-luxury-diamonds-play-20220418-p5ae64