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Firestone Diamonds Finds Its Biggest Gem at New Lesotho Mine

  • Miner rises 13% in London after finding 110 carat stone
  • Company says find confirms belief that mine holds big gems
The 110 carat gem-quality light yellow diamond.

The 110 carat gem-quality light yellow diamond.

Source: Firestone Diamonds Plc
Updated on

Firestone Diamonds Plc unearthed an 110 carat diamond, it’s biggest find so far, at its newly developed mine in Lesotho.

Firestone found the gem-quality light yellow diamond as its Liqhobong project in the Southern African country, the company said in a statement Wednesday. The find confirms its belief that the deposit holds large stones, it said. The shares rose as much as 13 percent, the most since July, and traded 11 percent higher at 49.50 pence by 4:10 p.m. in London.