Stornoway Diamond Corporation reported non-cash impairment charge for the second quarter ended June 30, 2019. For the quarter, the Corporation reported a net loss of $346.3 million (Comparative Quarter $35.9 million) due primarily to a non-cash impairment charge of $442.7 million partially offset by the aforementioned reduction of contract liabilities of $135.4 million. The impairment charge was principally driven by decreasing prices of rough diamonds resulting in a write-down of property plant and equipment, right-of-use assets and deferred transaction costs.