Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

IIDGR’s proprietary technology gives polished diamonds unique identity

The International Institute of Diamond Grading & Research (IIDGR), a unit of the global diamond giant, De Beers, grades natural stones and is also using its proprietary inscription technology to inscribe a unique identification on tables of each...

07 november 2017

In future, only those who offer innovative designs will survive

A science graduate from Madras University, Srinivasan's one-man venture with just 10 employees launched in 1984 has now grown into the present Emerald Group, in about 3 plus decades. The Group from Southern India is one of the largest jewellery manufacturing...

30 october 2017

Conditions are still very difficult - Ernie Blom

Ernie Blom, the President of the World Federation of Diamond Bourses (WFDB) for the third term, has served on a range of industry bodies as an executive as well as chairman for many years, including Chairman, Diamond Dealers Club of South Africa...

23 october 2017

Stornoway earns $48M from diamond sales during Q3

13 november 2017
Stornoway Diamond Corporation has announced that its diamond sales in the third quarter of 2017 amounted to $48.1 million, or 405,643 carats sold.
The average diamond prices achieved were $95 (CAD$119) per carat compared to $87 per carat in the second quarter and $81 in the first quarter.
The company also said it has produced 442,154 carats of diamonds at 87 carats per hundred tonnes during the period under review from its wholly-owned Renard project in Canada. Operating costs at the project amounted to CAD$66.39 per carat.
"Strong production results in the third quarter were matched by continued good performance in cost management. Our average operating cost of CAD$66.39 per carat compares favourably with an average sales price of CAD$119 per carat, with a beat on carats produced and grade over our mine plan. This strong underlying operating result in our business is being achieved even as we continue our work to improve the quality of our diamond recoveries," said Matt Manson, Stornoway president and CEO.
"Our pricing at sale is increasing quarter by quarter, although a correction at the end of the third quarter served to slow the rate of increase, and we foresee a flat outlook for the rest of the year.”
At quarter end, cash, cash equivalents and short-term investments of Stornoway stood at $52.6 million.

Theodor Lisovoy, Rough&Polished, Moscow


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