Firestone recovers 465680 carats in H1
Yearly guidance range between 820K and 870K carats! Firestone Diamonds announces the result of H1 2019 of Liqhobong Diamond Mine that remained on track to meet guidance. During the period, 465680 carats recovered over the H1 2018 of 379716 carats. Over all full year guidance range is of between 820K and 870K carats that include, the recovery of the largest diamond to date, a 326 carat light yellow makeable stone. Average value per carat of US$71 realised in the period, impacted by prices for smaller, lower value diamonds as that was realised US$74 in H1 2018. Despite the lower rate, revenue of US$27.4 million from three sales remained up over H1 2018 of US$26.0 million from four sales. Activities Post Period shows an average value of US$90 per carat was realised at the most recent sale which concluded on 22 March, resulting in a higher average value realised of US$80 for the third quarter of the financial year, and US$74 per carat for the first nine months of the f...