Canadiske True North Gems har inngått en avtale med asiatiske Chinastones som leverer polerte edelsteiner til juveler, klokker og annen luksuspynt.
The supply agreement obligates True North to supply and Chinastone to purchase a minimum of US$7M in rough gemstones per year for the next three years resulting in a sales commitment total of US$21M. Sales will be based on the fair market value with qualifying allotments being made available for purchase five times per year.
Chinastone is world-leading provider of precision cut natural gemstones in a strictly uniformed and digitally calibrated array of colors, proportions and sizes. They deliver a wide range of natural gemstones to fine jewelers, watchmakers and luxury trade professionals throughout the world. The Comapany is highly regarded for its innovative techniques and constantly improving at all levels.
About True North Gems
True North Gems is transitioning from an exploration and development company into a producer of high quality gemstones. Aappaluttoq is the only hard rock gemstone deposit in the world with a NI 43-101 compliant resource that has a current projected mine life of nine (9) years based on the 2015 prefeasibility study.