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Showing posts with the label Liqhobong Diamond Q2

Firestone to recover over 820K Cts

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Sales over 191K carats Diamonds in Q2 Firestone Diamonds plc provides its quarterly update on operations at its Liqhobong Diamond Mine for the quarter ended 31 December 2018; Q2 of the Company's 2019 FY & says recovery of diamonds of 224,947 carats over the previous Q1 of diamond that recovered was 240,733 carats. Resulting in a year-to-date total of 465,680 carats, on track with guidance of between 820,000 and 870,000 carats recovered for FY2019. A total of 191,735 carats sold in the second quarter of the financial year is fewer than Q1 sales of 194,206 carats, while realising revenue of US$13.9 million is earned higher over Q1 had earned US$13.5 million . During the Q2 recovery of a 46-carat white diamond in December remained notable. Average value of US$72 per carat is up over Q1 of US$70 per carat, which is below expectation mainly due to deterioration in prices received for the smaller, lower value stones. Despite the continued subdued conditions at the l