Firestone Diamonds PLC Recovery of 54 Carat Fancy Yellow Diamond (7157E)

TIDMFDI

RNS Number : 7157E

Firestone Diamonds PLC

08 July 2019

8 July 2019

Firestone Diamonds plc

("Firestone" or the "Company")

RECOVERY OF 54 CARAT FANCY YELLOW DIAMOND

Firestone Diamonds plc is pleased to announce the recovery of a 54 carat intense fancy yellow, sawable diamond from its Liqhobong Mine in Lesotho. The diamond will go on sale at the next tender which is scheduled to take place during September 2019.

Paul Bosma, Chief Executive Officer, commented:

"The Liqhobong mine has become known for its fancy yellow stones but this one is the largest we've recovered so far and is therefore quite special. Although certain segments of the diamond market are currently struggling, the demand for unique natural stones remains positive."

For more information please visit: www.firestonediamonds.com or contact:

 
                                              +44 (0)20 8741 
 Firestone Diamonds plc                        7810 
 Paul Bosma 
 Grant Ferriman 
 
 Macquarie Capital (Europe) Limited 
  (Nomad and Broker) 
  Nick Stamp                                  +44 (0)20 3037 
  Alex Reynolds                                2000 
                                              +44 (0)20 7920 
 Tavistock (Public and Investor Relations)     3150 
 Jos Simson 
 Gareth Tredway 
 Annabel de Morgan

Background information on Firestone

Firestone is an international diamond mining company with operations in Lesotho. Firestone commenced commercial production in July 2017 at the Liqhobong Diamond Mine. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho. Lesotho is one of Africa's significant new diamond producers, hosting Gem Diamonds' Letšeng Mine, Firestone's Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae Mine.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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