Stornoway Diamond, owner of the Renard mine in Canada, has announced production and sales results for the second quarter of 2017.
According to Rough & Polished, Stornoway sold 350,159 carats of diamonds at two tenders for $31.8 million, averaging $87 per carat, compared to $81 per carat achieved in Q1. 151,135 additional carats were sold for $15.4 million ($101 per carat) after the quarter has ended. During the second quarter, Stornoway produced 417,362 carats.
Matt Manson, Stornoway President & CEO commented: “At the end of the second quarter, we are pleased to report robust production figures […] With seven sales now completed, we are encouraged by strong growth in diamond pricing, reflecting the underlying market demand for the Renard product […] Going into the second half of the year, we will remain focused on maximising the value attributes of our diamond production and continuing the growth in revenue from sales”.
