RapNet


Rapaport News

 

Mining

 

詳細検索
最新記事
ビデオ
機能
ニュース
マイニング
原石市場
加工品市場
製造
小売

37ct. Diamond Boosts Stornoway Prices

Miner notes strong start of year for rough market.
Apr 12, 2018 7:00 AM   By Rapaport News
Print 印刷 Facebook Facebook Twitter Twitter 共有 Share


RAPAPORT... Stornoway Diamond Corporation saw rough prices rise in the first quarter, driven by a resurgent market and the sale of its most expensive stone to date.

The miner achieved an average price of $112 per carat for the three months ending March 31, selling 399,135 carats for a total of $44.8 million (CAD 56.4 million). A 37-carat, type IIa, D-color, internally flawless rough stone garnered $1.3 million, or $36,000 per carat — the highest price for a diamond from its Renard mine in Quebec.

“The first quarter saw a strong performance for Stornoway in sales and pricing, with successively higher prices at each of our three sales, reflecting an improved size and quality mix and a strong start to the year for the diamond market,” CEO Matt Manson said. “The quarter also saw the sale of our highest-value stone to date.”

Although this year’s average price has increased from the $85 per carat earned in 2017, Stornoway has yet to reach its target of $125 to $165 per carat for 2018.

Stornoway’s production of 285,851 carats for the quarter was lower than it predicted, as the company processed lower-grade ore while going through its transition from open-pit to underground mining. It expects that shift to be complete by the end of the second quarter.

In 2017, the Canada-based company recorded a loss of $88.8 million (CAD 114.6 million), after being forced to devalue Renard, and consequently incurring an impairment charge of $132.6 million (CAD 171 million). The drop in the asset’s value was due to production of a lower-than-expected quality of stones.

At the end of the first quarter, Stornoway found a 189-carat stone — its largest to date — from Renard. Although the stone is relatively low in quality, it is one of the largest diamonds ever recovered in Canada.
タグ: Canada, diamond, Matt Manson, Rapaport News, renard, Renard mine, stornoway, Stornoway Diamond Corporation
類似記事
コメント: (0)  Add comment コメントを追加
コメントを変更 古い順



連絡先: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    プライバシー ポリシー  
  
twitter twitter
会社概要 Rapaport
RapNetに広告を載せる