Firestone Diamonds

Improvement in diamond market could deliver significant margin uplift for Firestone Diamonds

Paul Bosma, chief executive of Firestone Diamonds plc (LON:FDI), updates Proactive London on operations at its Liqhobong Diamond Mine in Lesotho.

Bosma says on the production front all's going well.

''Over the previous financial year the plant produced well over 3.8 million tonnes, we recovered 835,000 carats ... we're halfway through our financial year now and we're aiming to surpass that''.

Last month a 70-carat diamond was recovered which this week is being sold.

Liqhobong has yielded several large diamonds for Firestone in recent years - in December a 46-carat stone was unearthed and sold for just over US$1mln.

Quick facts: Firestone Diamonds

Price: £0.01

Market: AIM
Market Cap: £5.8 m

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