Stornoway see soft price for rough
Sales over 460K carats & Production reaches over 463K carats Stornoway sold in two tender sales for gross proceeds1 of $47 million2 at an average price of US$76 per carat. Stornoway Diamond Corporation announces production and sales results at the Renard Diamond Mine for the quarter ended June 30, 2019. According to the announcements, 460,832 total carats sold in two tender sales for gross proceeds1 of $47 million2 at an average price of US$76 per carat ($102 per carat2). In terms of total carats sold, pricing and gross proceeds, this represents variations of +7%, -9% and -1% over the first quarter, respectively. Second quarter diamond sales represent diamonds recovered during the first quarter. Second quarter diamond production was 463,136 carats recovered from the processing of 695,934 tonnes of ore at an average grade of 67 carats per hundred tonnes (cpht). Carats recoveries increased by 4% compared to the first quarter, mainly due to greater plant utiliza...