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Firestone Diamonds Recovers 72ct. Yellow

Company also finds 22-carat white and 11-carat pink.
Apr 8, 2019 7:14 AM   By Rapaport News
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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)
Tags: Firestone, Firestone Diamonds, Lesotho, Liqhobong mine, Paul Bosma, Rapaport News
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