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Stornoway Files for Bankruptcy Protection

Stornoway Files for Bankruptcy Protection

by John Jeffay | Oct 30, 2023 | Analysis, Opinion, & Forecasting

Stornoway Files for Bankruptcy Protection Date: 15 Nov, 2023 | By John Jeffay. The Renard mine, in Quebec. Picture : Stornoway Diamonds. Canadian miner Stornoway Diamonds has filed for bankruptcy protection for the second time in four years, blaming a sudden drop in...
Lucapa’s Rough Revenue Slides During Q3

Lucapa’s Rough Revenue Slides During Q3

by John Jeffay | Oct 23, 2023 | Analysis, Opinion, & Forecasting

A 180.87 carat Type IIa white diamond from Lulo mine, Angola. Picture : Lucapa. Lucapa reported Q3 rough sales of $14.6m, down 43 per cent year-on-year, and down 33 per cent on the previous quarter. The ASX-listed miner said it held fewer sales than usual during the...
Petra’s Tender Results Down 18%

Petra’s Tender Results Down 18%

by Erez Jacob Rivlin | Oct 6, 2023 | Analysis, Opinion, & Forecasting

Petra’s Tender Results Down 18% Miner optimistic about impact of latest supply restrictions on prices By Erez Jacob Rivlin Rej 1 diamond – part of Jacob Rivlin coursesPicture : Jacob Rivlin Petra’s Tender 2 for FY 2024 reflected 16% to 18% lower prices than...
Negative Mood – Little Trading at New Prices

Negative Mood – Little Trading at New Prices

by Diamond Herald | Oct 2, 2023 | Analysis, Opinion, & Forecasting

Mk2 from Russian Nyurba minePicture : Jacob Rivlin Very negative general mood continues. Many bridge-traders, who buy original goods and re-assort for manufacturers, have stopped trading. Several traders buying Angolan goods claim that prices there are too high, when...

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