The Globe and Mail reports in its Saturday edition that the Stornoway Diamonds is filing for bankruptcy protection for the second time in four years as the gem miner struggles to deal with volatile pricing on global markets. The Globe's Nicolas Van Praet writes that its future now looks murky as a Quebec government spokesman said the province will put no more public money into the venture. Stornoway said Friday it is immediately suspending operations at its Renard site in Northern Quebec. About 75 people out of a work force of 500 will perform tasks such as maintaining equipment and other assets toward an eventual return of operations. Renard is the province's first and only diamond mine and one of four active in Canada. Stornoway blamed its problems on "the growing uncertainty of the diamond price in the short and medium term, coupled with the significant and sudden drop in the price of the resource on the world market." After a surge in consumer demand during the COVID-19 pandemic fuelled by government stimulus measures, the diamond industry is now experiencing a deep correction and prices have tanked. The company is owned by Osisko Gold Royalties, Investissement Québec, the Caisse, and TF R&S Canada.