Firestone Diamonds PLC Recovery of 46 carat white gem diamond (4453K)
14 December 2018 - 6:00PM
UK Regulatory
TIDMFDI
RNS Number : 4453K
Firestone Diamonds PLC
14 December 2018
14 December 2018
Firestone Diamonds plc
("Firestone" or the "Company")
RECOVERY OF 46 CARAT WHITE GEM DIAMOND
Firestone Diamond plc is pleased to announce 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 at the end of
January 2019.
The company is also pleased to report a stabilisation 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.
Further details will be included in the Q2 production
update.
An image of the diamond is available on the Company's website:
https://www.firestonediamonds.com/sales-marketing/special-stones
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 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".
For more information please visit www.firestonediamonds.com or
contact:
+44 (0)20 8741
Firestone Diamonds plc 7810
Paul Bosma
Grant Ferriman
Macquarie Capital (Europe) Limited (Nomad +44 (0)20 3037
and Broker) 2000
Nick Stamp
Nicholas Harland
+44 (0)20 7920
Tavistock (Public and Investor Relations) 3150
Jos Simson
Gareth Tredway
Annabel de Morgan
About Firestone
Firestone is an international diamond mining company with
operations focused in Lesotho. Liqhobong is owned 75% by Firestone
and 25% by the Government of Lesotho. Firestone commenced
commercial production in July 2017 at the Liqhobong Diamond Mine in
Lesotho. Lesotho is emerging as 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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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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