Stornoway Diamond Corporation (TSE:SWY) is a leading Canadian diamond development and exploration company. The Company’s flagship property is the Feasibility Stage, Renard Diamond Project located in north-central Quebec, and on track to become Quebec’s first diamond mine and Canada`s next.
Diamond prices have held their own this year, despite the markets impetuous downward spiral. Prices of top gems have been keeping the finances rolling while mid grade mass consumed diamonds sales slumped. Now, as the crisis deepens, Diamond prices are under pressure.
Diamonds could very well represent the next safe haven for investors, much like gold and silver, as investors flee the financial markets for more secure investments.
India based NMDC mining company has set up a Global Exploration Center in Raipur, India to explore mineral resources such as iron and diamond. NMDC Chairman and Managing Director Rana Som stated: In addition to exploring for mineral resources and diamonds for NMDC, the center will conduct free exploration operations for state governments and offer [...]
Tuesday, June 9, 2009