29 January 2018
Stornoway Diamond Corporation is pleased to report that at its first sale of 2018 that closed on Friday Jan 26, 138,687 carats were sold for gross proceeds of US$14.4 million at an average price of US$104 per carat. This is the highest price achieved to date, and reflects a strengthening diamond market at the beginning of the year and appreciable improvements in breakage levels, size distribution and quality mix. The parcel represented run of mine diamonds recovered during a four week period from mid-October to mid-November.