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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Firestone Diamonds PLC       GB0003915336

FIRESTONE DIAMONDS PLC

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Firestone Diamonds : says 70 carat white diamond recovered from Lesotho mine

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02/12/2019 | 04:24am EDT

JOHANNESBURG – Firestone Diamond said on Tuesday that it had recovered a 70 carat white, makeable diamond from its Liqhobong Mine in Lesotho.

The latest recovery of the diamond comes after a 46-carat gem was found in December 2018 and was then sold for more than $1 million (R13,77mn).

Firestone Diamond said the 70 carat diamond was recovered undamaged and would go on sale at the next tender scheduled for March.

"The 70 carat stone was recovered in the northern, low-grade part of the pit where the bulk of our mining will take place in the coming months," CEO Paul Bosma said.

"Although the market for the smaller stones has been under pressure, we’ve seen continued demand and good prices realised for the special stones."

Firestone Diamonds operates in Lesotho and Botswana and is listed on the AIM exchange, a sub-market of the London Stock Exchange.

African News Agency (ANA)

(c) BusinessReport 1999 - 2019 Independent Newspapers (Pty) Limited. All rights strictly reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Managers
NameTitle
Paul Bosma Chief Executive Officer & Director
Raffaele Giuseppe Genovese Non-Executive Chairman
Polite Khutjwe Group Manager-Operations & Projects
Grant Llewellyn Ferriman Chief Financial Officer
Kenric Charles Owen Independent Non-Executive Director
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