Firestone Diamonds Unearths 72ct Yellow Stone in Lesotho

Mining and Exploration
08/04/2019 13:53

Firestone Diamonds recovered of a 72 carat yellow, makeable diamond from its Liqhobong Mine in Lesotho, during the past weekend. The 72 carat diamond was recovered together with a 22 carat makeable white stone, followed by an 11 carat fancy light-pink stone. These diamonds will go on sale via First Element tender house at the next tender in Antwerp,  which is scheduled to take place from May 8-14 2019 (see the entire Antwerp tender schedule here).

"It was a good weekend for us," said Paul Bosma, Chief Executive Officer, "recovering the 72 carat diamond as well as the two smaller, high quality stones from within the northern, lower grade part of the pit. These recoveries will certainly assist in supporting the average value of the next sale in May." This is the second gem-quality stone of 70 carats or more recovered this calendar year, following the 70 carat white, makeable diamond which was recovered in February and sold in the March auction, achieving a record overall price for a Liqhobong diamond. At the most recent sale which concluded on 22 March in Antwerp, the company acheived an average value of $90 per carat, resulting in a higher average value realised of $80 for the third quarter of the financial year, and US$74 per carat for the first nine months of the financial year.