GREY:SWYDF - Post by User
Post by
crazytownon Mar 22, 2011 10:24pm
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Post# 18325528
HIGHLIGHTS from HARRY!
HIGHLIGHTS from HARRY! - For the mining segment, rough diamond sales for the fourth quarter were 30 per cent higher at $82.7-million, compared with $63.5-million for the fourth quarter last year. This increase resulted primarily from a 23-per-cent increase in the company's achieved rough diamond prices.
- Robert Gannicott, chairman and chief executive officer, stated: "This past year we have seen rapid growth in diamond demand, which has had a positive effect on both segments of our business. New customers in emerging markets, especially Asia, have replaced demand from the traditional markets such as America during the financial crisis. As recovery in America and development in the BRIC economies continues, the outlook for rough diamond prices, led by jewellery sales, is expected to be robust."
Yet another piece of the puzzle slips into place for Stornoway.
THINGS JUST KEEP GETTING BETTER AND BETTER FOR THIS LITTLE SOON TO BE BIG COMPANY!!