https://www.miningweekly.com

Diamond tenders yield $5.1m in revenue for Firestone Diamonds

7th May 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Aim-quoted diamond mining and exploration company Firestone Diamonds sold 55 950 ct of diamonds in two diamond tenders in February and April, realising revenues of some $5.1-million.

The average price per carat realised at the tenders, which were held at the independently operated Antwerp World Diamond Centre's facility, increased from $84.49/ct at the February tender to $101.67/ct in April.

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.

Despite the higher prices, no high-value stones were tendered at the April tender, which was attended by 109 diamond buyers.

Firestone CEO Tim Wilkes said the board was “extremely comforted” by the results of the latest tenders.

“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," he commented.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ZF Aftermarket
ZF Aftermarket

ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.

VISIT SHOWROOM 
EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (03/07/2026)
3rd July 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.041 0.064s - 111pq - 2rq
Subscribe Now