Firestone Recovers 46-Carat White Diamond, To Be Sold in Antwerp in Jan.

Mining and Exploration
15/12/2018 10:44

Firestone Diamond has announced the recovery of a 46-carat white, makeable diamond from its Liqhobong Mine in Lesotho. The stone was recovered undamaged and will go on sale at the next tender which is scheduled to take place in Antwerp at the end of January 2019. The miner's sold a similar stone in Antwerp, a 67.6-carat white makeable for $900,000. 

The company also reports a stabilization in pricing for the smaller, lower value stones (-3 grainers) at the recent sale which was concluded on 7 December and which confirms the trend reported by other producers. Paul Bosma, Chief Executive Officer, commented: "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. We are also pleased by the fact that the prices of our smaller, lower value goods have stabilized and we look forward to further improvement as we head into the new year on the back of an expected positive diamond jewelry retail season".