Stornoway Diamond shares down on $37 million loss, departure of CEO
CEO Matt Mason will be replaced by chief operating officer Patrick Godin, who joined Stornoway in 2010 and was appointed to the board of directors in 2011.
Global exploration spending dropped 26% in last year, compared with 2013, as several juniors threw in the towel and producing miners slammed the brakes on capital and exploration expenditure.
The Swiss Gemmological Institute (SSEF), one of the world's most respected gem research, education and grading institutions, has inaugurated a state-of-the-art laboratory in Basel, more than doubling the size of its previous facility and enabling a massive expansion of the services it has provided the gemstone, jewellery and watch industries for more than 40 years.