magazine30%: Better than expected sales price for Firestone Diamonds
Lesotho-based Firestone Diamonds (FDI:AIM) has recommenced diamond sales with a bang.
Shareholders have been without production for three years while Firestone raised a large amount of money and built a new processing plant at its Liqhobong mine.
Production recommenced in late 2016 and the first batch of diamonds have now been sold for prices up to 30% higher than expected, according to investment bank Mirabaud.
Firestone generated $8.14m revenue including more than $1m for a single stone. The range included a number of yellow diamonds.
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