Russia to continue buying diamonds through state fund in 2025
The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.
Canadian miner Stornoway Diamonds (TSX: SWY) is developing a project in north-central Quebec which is expected to become the province’s first diamond mine.
The Renard kimberlite project forecasts its plant commissioning to begin in Dec. 2015 with commercial production running full on in June 2016.
The provincial government issued the 20-year mining lease in the fall of 2012. All season-road access to the project was completed in early 2013.
See the full slideshow of rough diamond samples from the project.
Related
Retail diamond market strong worldwide
Stornoway Diamonds obtains key approval for Renard mine in Quebec
Image: MapMine Mapper