Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

Stornoway Common Shares and Convertible Debentures to be Delisted From TSX

20 september 2019

stornoway-logo.pngStornoway Diamond Corporation announced that it has received notice that the Continued Listings Committee of the Toronto Stock Exchange ("TSX") has determined to delist the Corporation’s common shares and convertible debentures effective at the close of market on October 18, 2019. The Corporation does not intend to appeal the decision. The common shares and convertible debentures remain suspended from trading.
As previously announced, on September 9, 2019, the Corporation and its subsidiaries Stornoway Diamonds (Canada) Inc., Ashton Mining of Canada Inc. and FCDC Sales and Marketing Inc. obtained an initial order from the Superior Court of Quebec (Commercial Division)  for protection under the Companies’ Creditors Arrangement Act in order to restructure their business and financial affairs.
Further to the Initial Order and in light of the ongoing restructuring process, the Corporation no longer intends to file continuous disclosure documents under the Corporation’s profile on the System for Electronic Document Analysis and Retrieval (www.sedar.ca).
Stornoway is a Canadian diamond exploration and production company headquartered in Montreal and owns a 100% interest in the Renard Mine, Québec’s first diamond mine. Stornoway is a Canadian diamond exploration and production company headquartered in Montreal and owns a 100% interest in the Renard Mine, Québec’s first diamond mine.

Alex Shishlo, Editor of the Rough&Polished European Bureau