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Stornoway Obtains Positive Independent Valuation on Bulk Sample Diamonds

Investing News Network
Apr. 11, 2013 11:20AM PST
Diamond Investing

Stornoway Diamond Corporation (TSX:SWY) reported results from an independent valuation on the Renard 65 bulk sample diamonds by WWW International Diamond Consultants, utilizing their March 2013 price book. Highlights include an average price of US$250 per carat on the total Renard 65 parcel of 997 carats, and valuations of US$8,500 per carat and US$5,900 per carat on the two largest stones of 9.77 carats (G colour) and 6.40 carats (F colour) respectively.

Stornoway Diamond Corporation (TSX:SWY) reported results from an independent valuation on the Renard 65 bulk sample diamonds by WWW International Diamond Consultants, utilizing their March 2013 price book. Highlights include an average price of US$250 per carat on the total Renard 65 parcel of 997 carats, and valuations of US$8,500 per carat and US$5,900 per carat on the two largest stones of 9.77 carats (G colour) and 6.40 carats (F colour) respectively.

As quoted in the press release:

Highlights are as follows:

  • An average price of US$250 per carat on the total Renard 65 parcel of 997 carats.
  • A diamond price model for Renard 65 of US$180 per carat, with a “High” sensitivity of US$203 per carat and a “Minimum” sensitivity of US$169 carat.
  • Valuations of US$8,500 per carat and US$5,900 per carat on the two largest stones of 9.77 carats (G colour) and 6.40 carats (F colour) respectively.

Click here to read the Stornoway Diamond Corporation (TSX:SWY) press release

See this press release on Marketwire
Click here to see the Stornoway Diamond Corporation (TSX:SWY) profile.

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