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Firestone latest victim of diamond slump

Lesotho-focused Firestone Diamonds is proposing to de-list from AIM and reduce the size of its board in a bid to cut costs and ride out the prolonged slump in the diamond market.

Firestone latest victim of diamond slump Firestone latest victim of diamond slump Firestone latest victim of diamond slump Firestone latest victim of diamond slump Firestone latest victim of diamond slump

Firestone Diamonds' Liqhobong mine is located in the Maluti Mountains, Lesotho

Shares in Firestone have plummeted from 56.5p in November 2016 to just 0.30p on Tuesday, as lower than expected diamond prices saw the company struggle to pay down debt.

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