The company, which sources diamonds from its Canadian operations, stated that the move was part of a broader effort to enhance the value of its sustainably mined diamonds. Going forward, Burgundy will place greater emphasis on forming partnerships with select manufacturers, traders, and luxury brands that prioritise provenance, traceability, and quality.
According to a company statement, the decision to close the Perth facility followed a comprehensive review of its long-term viability. The process is expected to be completed by mid-2025. Burgundy clarified that the closure would not significantly affect its financial performance or overall production levels.
CEO Kim Truter acknowledged the contributions of the Perth team, noting their years of service and dedication. “This decision reflects our ongoing commitment to optimising business performance and delivering value to shareholders. While we are transitioning away from local polishing, we remain focused on vertical integration through our Antwerp sales office and strategic industry partnerships,” he said.
The Perth facility had been a key component in Burgundy’s vertically integrated supply chain. Its closure marks a pivot toward a more collaborative model, with the company channelling future sales through its Antwerp hub, which specialises in high-value transactions and traceable sourcing.
This strategic realignment underscores Burgundy’s intent to strengthen its position in the premium segment of the global diamond market by leveraging trusted partnerships and market-focused infrastructure.
