Stornoway Diamond Corporation announced that since the start of processing of rocks with diamond project Renard (Renard), she managed to get the 111 556 carats of diamonds.
The Company processed 91,010 tonnes of ore, and the average content of stone was 123 carats per hundred tons of rock.
Within the last quarter of Stornoway Diamond received 21 larger than 10.8 carats.
In addition, as reported by the company, the first sale of diamonds from Renard was scheduled for November 14, 2016 in Antwerp, Belgium, two months earlier than you expect.
However, the processing of rocks and extraction of diamonds in July and early August were irregular due to configuration processing plant and on the background of balancing the budget. These difficulties have been identified and resolved now, and since then, the crushing and processing cycles processing plant work well. However, companies need to modify the plant.
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Alrosa undertook the first test screenings of rough diamonds to Indian customers on the basis of Indian Diamond Trading Centre (IDTC), a special economic zone in Mumbai, according to Indian media.
IDTC, designed for direct trading members of the diamond industry with the diamond miners in India (which allows Indian buyers to save for purchases of raw materials) and endowed with tax preferences, operational since November. Shows its raw materials already held Rio Tinto, the third largest among the world's diamond miners, and the largest company by revenue in the De Beers industry.
ALROSA does not comment on trade practices with IDTC and volume of concluded contracts on this site.
Among the 49 long-term clients, ALROSA, which account for about 70% of sales, 12 Indian companies.
India is a major producer of diamonds in the world, accumulating nearly 85% of world diamond sales, but only 15% are imported directly into the country. The rest is purchased by a limited number of long-term clients (sightholders) De Beers and Alrosa, and the secondary market at a good conjuncture sold at a premium. According to a large Indian diamantaire Kiran Gems (the company is sightholders De Beers and ALROSA), the exclusion of intermediaries in the chain will bring producers of 5% savings.
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