Quebec’s Stornoway Diamond’s Renard mine sells rough diamonds for higher prices this quarter.
Last quarter, Renard mine was selling at $81 per carat whereas this quarter they managed to sell at $87 per carat, earning the company $40.9 million after selling 350,159 carats. “We are particularly encouraged by the steady increase in pricing for Renard diamonds as the market familiarizes itself with our production,” said the company’s CEO Matt Manson.
Since 2016, Renard mine has increased their prices by 10 percent.
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
