Firestone to recover over 820K Cts
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...