RAPAPORT… Firestone Diamonds has unearthed a 72-carat rough yellow
stone from its Liqhobong mine in Lesotho, along with two other large
gem-quality diamonds.
The miner also found a white stone weighing 22 carats and an
11-carat, fancy-light-pink diamond, it said Monday.
“It was a good weekend for us, recovering the 72-carat
diamond as well as the two smaller, high-quality stones from within the northern,
lower-grade part of the pit,” said Firestone CEO Paul Bosma.
The diamonds follow the miner’s discovery of a gem-quality,
70-carat stone earlier this year, which it sold in March for a record overall
price for a diamond from the Liqhobong mine.
All three stones will be for sale at the company’s next
tender, which will take place in May.
“These recoveries will certainly assist in supporting the
average value of the next sale,” Bosma added.
Firestone’s stock rose more than 6% Monday morning following
the announcement.
Image: The 72-carat yellow diamond. (Firestone Diamonds)
Firestone Diamonds Recovers 72ct. Yellow
The Bottom Line
- Firestone Diamonds unearthed a 72-carat rough yellow diamond, a 22-carat white stone, and an 11-carat fancy light pink diamond at Liqhobong.
- The 72-carat yellow diamond follows a 70-carat gem-quality stone sold earlier this year for a record price from the mine.
- All three stones will be offered at Firestone’s next tender in May, expected to support the average value of the sale.
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