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Firestone Diamonds

Recovery of 54 Carat Fancy Yellow Diamond

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RNS Number : 7157E
Firestone Diamonds PLC
08 July 2019
 

8 July 2019

Firestone Diamonds plc

("Firestone" or the "Company")

 

RECOVERY OF 54 CARAT FANCY YELLOW DIAMOND

 

Firestone Diamonds plc is pleased to announce the recovery of a 54 carat intense fancy yellow, sawable diamond from its Liqhobong Mine in Lesotho. The diamond will go on sale at the next tender which is scheduled to take place during September 2019.

Paul Bosma, Chief Executive Officer, commented:

"The Liqhobong mine has become known for its fancy yellow stones but this one is the largest we've recovered so far and is therefore quite special. Although certain segments of the diamond market are currently struggling, the demand for unique natural stones remains positive."

 

 

For more information please visit: www.firestonediamonds.com or contact:

 

Firestone Diamonds plc

+44 (0)20 8741 7810

Paul Bosma


Grant Ferriman




Macquarie Capital (Europe) Limited (Nomad and Broker)

Nick Stamp

Alex Reynolds

 

+44 (0)20 3037 2000

Tavistock (Public and Investor Relations)

+44 (0)20 7920 3150

Jos Simson


Gareth Tredway


Annabel de Morgan


 

Background information on Firestone

Firestone is an international diamond mining company with operations in Lesotho. Firestone commenced commercial production in July 2017 at the Liqhobong Diamond Mine.  Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho.  Lesotho is one of Africa's significant new diamond producers, hosting Gem Diamonds' Letšeng Mine, Firestone's Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae Mine.

 

 

 


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Quick facts: Firestone Diamonds

Price: £0.01

Market: AIM
Market Cap: £5.93 m
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