Karelian Diamond Resources PLC - Finland-focused diamond exploration company - Says analysis of Kimberlitic garnets taken from near the location where the company discovered a green diamond indicate the presence of a diamond stability field and diamond-bearing Kimberlite. In 2022, Karelian found a green diamond in the Kuhmo region of Finland, and subsequently submitted sixty garnets sourced nearby to Renaud Geological Consulting Ltd for testing in Canada. Karelian says the discovery ‘could be particularly significant as coloured diamonds, including green diamonds, sell for prices which can be multiples of those for clear colourless diamonds’.

Chair Richard Conroy says: ‘These results are a further and very important step forward in bringing to a successful conclusion the search for the origin of the green diamond discovered by the company in the Kuhmo region of Finland.’

Current stock price: 2.12 pence per share, down 1.4% in London on Tuesday morning

12-month change: up 1.0%

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