The diamond market has been dealt a blow by the recent economic turmoil. However now’s not the time to hit the panic button, according to Firestone Diamonds ( LON:FDI ) chairman Phillip Kenny.
FIRESTONE DIAMONDS PLC Mining News
Firestone Diamonds (FDI) reported exceptional diamonds sales results from its second sale of the year in Gaborone, Botswana. The AIM-quoted diamond miner sold a total of 14,248 carats for $2 million (£1.2 million) - an increase of 42% in value from its April tender.