Its in their profit taking section btw.

Stornoway Diamonds (SWY-V; $0.64)
had a sharper upside reaction than we had
anticipated to the resource expansion at
Renard. This is partly due to renewed enthusiasm
for the diamond sector on news that
prices for many stone sizes have started to
move higher again. As with most things dug
out of the ground, diamond prices will have a
lot to do with Asian enthusiasm as anything
else. In the case of diamond, as with gold,
India will be as important to that as is China.
Most of the smaller stones that get to market
have gone through an Indian cutting centre,
and India was the only source for this hardest
of minerals until only a few hundred
years ago when Brazilian streams began to
yield a few carats. Whether diamond will
continue to gain as a store of value remains
to be seen, but at least the gem is back in
the minds of investors.
The price doubling since then has lifted the
SWY market cap to about $170 million. This
is not large against its 50% of the Renard
resource if gold is used as a comparable, but
there must still be an accounting for further
funding to either continue expansion programs
there or to move the existing resource
through economic studies. Until that happens
we will remain cautious of the stock
through the up coming profits taking season.
http://www.stornowaydiamonds.com/