StockMarketWire.com – Firestone Diamonds has completed its first diamond sale.

The firm said 14,673 carats were sold by tender in Botswana for gross proceeds of approximately $1.6m.

The tender was attended by more than 30 local and international buyers.

The firm says nine diamond tenders are planned for next year.

CEO Philip Kenny said: “The successful completion of our first tender is a major milestone for Firestone and marks the completion of our transition into one of only three listed junior kimberlite producers worldwide.

“We are very pleased that the prices achieved for both Liqhobong and BK11 production were higher than expected, and we believe that further price increases will be achieved for production from both of these mines in 2011.”

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