logo-loader
viewFirestone Diamonds

Firestone Diamond unearths 46 carat white diamond at Liqhobong mine

"The recovery of the white 46 carat stone is good news as we start mining across the pit towards the northern side of the orebody over the coming months,” said Paul Bosma, Firestone chief executive

diamonds
It is the latest stand out stone to come out of Liqhobong

Firestone Diamond Plc (LON:FDI) told investors it has unearthed a 46-carat white diamond from its Liqhobong Mine in Lesotho.

The stone was recovered undamaged and will go on sale at the end of January 2019, the company said in a statement.

READ: Firestone Diamonds reports strong start to quarter at Liqhobong mine

Also, Firestone highlighted a stabilisation in diamond prices for smaller, lower value stones at a recent sale, earlier this month. The company noted that this confirms the trend reported by other producers.

"The recovery of the white 46 carat stone is good news as we start mining across the pit towards the northern side of the orebody over the coming months,” said Paul Bosma, Firestone chief executive.

“We are also pleased by the fact that the prices of our smaller, lower value goods have stabilised and we look forward to further improvement as we head into the new year on the back of an expected positive diamond jewellery retail season."

Quick facts: Firestone Diamonds

Price: - -

AIM:FDI
Market: AIM
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Pure Gold releases more impressive drill results from their underground work...

Pure Gold Mining (CVE: PGM- LSE: PUR) CEO Darin Labrenz joined Steve Darling from Proactive to discuss the company’s most recent drill results that show impressive numbers like 46.7 g/t gold over 7.0 metres and 57.0 g/t gold over 1.0 metre. Labrenz telling Proactive about that underground...

39 minutes ago

2 min read