African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

Yesterday

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

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