OTHER

Firestone recovers 70ct white diamond

Firestone Diamonds (AIM:FDI) has recovered an undamaged 70 carat white, makeable stone from its Liqhobong mine in Lesotho.

Staff reporter
The undamaged 70 carat white, makeable stone from Firestone's Liqhobong mine

The undamaged 70 carat white, makeable stone from Firestone's Liqhobong mine

It is the largest stone recovered so far this year and follows the recovery of a 46ct gem diamond in December, which sold for over US$1 million at a recent sale completed February 1.

CEO Paul Bosma said the diamond had been recovered in the northern, low-grade part of the pit where Firestone would be carrying out the bulk of its mining over the next few months.

"Although the market for the smaller stones has been under pressure, we've seen continued demand and good prices realised for special stones," he said.

The 70ct diamond will be sold in the next tender in March.

Firestone previously said an equipment failure in the mine's plant in January was expected to impact tonnes treated and carats recovered in the March quarter.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.