Mining Weekly reported that Firestone Diamonds plc (LSE:FDI) made about $5.1 million by selling 55,950 carats of diamonds at two diamond tenders held in February and April.
As quoted in the market news:
The February tender, which was attended by 80 diamond buyers, saw the sale of 35 718 ct, realising revenues of $3.02-million, while revenue of $2.06-million was achieved through the sale of 20 232 ct in April.
Tim Wilkes, CEO of Firestone, commented:
Not only are the diamond prices up considerably since February, but they have increased across the board, demonstrating a higher level of confidence in the sector. This is further endorsed by the increasing number of diamond buyers present at April’s tender.