Firestone Sells $5.1 Million Worth of Diamonds at Two 2013 Tenders

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.

Click here to read the full Mining Weekly report.

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