Jericho reports US$30 million net loss

Jericho diamond mine, owned by Canadian diamond miner Tahera Diamond Corp has announced a total production of 69,300 carats valued at US$64 million during the second quarter of 2007.

According to the diamond purchase and marketing agreement between Tahera and Tiffany & Co., Tiffany will purchase or market all of the diamonds produced in the Jericho mine. The mine has incurred a US$30 million net loss for the first half of 2007.