Stornoway Diamonds, the operator of Quebec’s first diamond mine, has told shareholders that weak conditions in the rough diamond market continued to persist, with CEO Patrick Godin saying on Wednesday that further decreases in pricing were observed during the second quarter of the year.
The company, which operates the Renard mine, sold 460 832 ct in two tender sales, netting gross proceeds of C$47-million, achieving an average price of $76/ct.