Canadian diamond producer Stornoway Diamond Corp has revealed that ongoing diamond breakage in the Renard process plant is reducing the proportion of larger diamonds available for sale and dimming revenues, while market sentiment for Renard’s precious gems is on the up.
The Longueuil, Quebec-based company said on Wednesday that volatility in the proportion of small diamonds in the sales mix was also weighing on the top line, at a time when sales show a 19% increase (expressed in real terms after accounting for size distribution and quality variations) in pricing since sales started in November 2016, the company advised.
