Chow Tai Fook Jewellery Group Limited (“Chow Tai Fook Jewellery Group”, “the Group” or “the Company”; SEHK stock code: 1929), a Hong Kong Main Board listed company with over 90 years of heritage, is pleased to announce that it has entered into a one-year, renewable supply agreement with Mountain Province Diamonds Inc. (‘Mountain Province Diamonds”). Under the terms of this agreement, Chow Tai Fook will purchase a selected range of rough diamonds from Mountain Province.
Conroy Cheng, Executive Director of Chow Tai Fook Jewellery Group said, "We are committed to maintaining robust and stable rough diamonds procurement capabilities and meeting the growing consumer demand for quality diamond jellewery. Partnering with Mountain Province Diamonds, a diamond mining company which has 49% ownership of the world's largest new diamond mine, Gahcho Kué in Canada, will help us to achieve those goals.
Reid Mackie, Mountain Province Diamonds' Vice President of Diamond Marketing, commented, “We are extremely proud to announce the formalisation of a supply agreement with Chow Tai Fook. This is an exciting opportunity for us to partner with a recognised industry leader, known for its discerning approach to diamond purchasing, unwavering focus on production excellence, and extensive retail network across China, Japan, Korea, Southeast Asia, and the United States. Mountain Province looks forward to building a strong and successful relationship with Chow Tai Fook.