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Top Diamonds of 2019
Diamonds That Created a Buzz in 2019
It was another big year for big diamonds, with several stones that raked in big bucks, set records, or otherwise made headlines. These were the stones that caught our attention in 2019.Biggest money makers1....
Polished Markets Dec 31, 2019 Leah Meirovich
Petra Cullinan blue 150
Petra Sells 20ct. Blue Diamond for $15M
Petra Diamonds sold a 20-carat blue diamond from itsCullinan mine in South Africa for just under $15 million. “We are very pleased with this result, which is in line withour expectations and confirms the...
Mining Nov 17, 2019 Rapaport News
Petra
Petra Evacuates Cullinan After Wall Collapse
Three million tonnes of material fell into the open pit of Petra Diamonds’ Cullinanmine in South Africa during a thunderstorm Saturday, the companysaid Wednesday. The collapse generated alarge plume of dust, which had “some effect...
Mining Oct 30, 2019 Rapaport News
Petra 20.08ct blue
Cullinan Blue Could Fetch $15M, Analysts Say
Petra Diamonds will offer a 20.08-carat blue diamond at aspecial tender in Johannesburg next month, with analysts predicting the rough couldattract $15 million.The miner recovered the type IIb, “exceptional” gem-qualitystone at its Cullinan deposit...
Rough Markets Oct 07, 2019 Rapaport News
Petra Diamonds
Petra Recovers 20ct. Blue Diamond
Petra Diamonds has unearthed a blue diamond weighing 20.08 carats atits Cullinan mine in South Africa, it said Monday. The type IIb stone comes from the same mine that producedthe 3,106-carat Cullinan diamond...
Mining Sep 24, 2019 Rapaport News
Legacy of the Cullinan Mine 150
Petra Sells 425ct. Diamond for $15M
Petra Diamonds sold a 425-carat white diamond from itsCullinan mine in South Africa for just under $15 million, it said Tuesday. “This is a significant sale for Petra Diamonds and anendorsement of the quality not only...
Mining May 14, 2019 Rapaport News
Petra 210 carat 150
Cullinan Yields 210ct. Rough
Petra Diamonds has unearthed a white diamond weighing 209.9carats at its Cullinan mine in South Africa. The D-color, type II, gem-quality stone is the fourth over100 carats the miner has recovered this year, and...
Mining Apr 21, 2019 Rapaport News
Petra Diamonds
Petra Recovers 425ct. Diamond
Petra Diamonds has unearthed a 425.10-carat white diamond atits Cullinan mine in South Africa, it said Friday. The D-color, type II, gem-quality stone comes from the samemine that produced the 3,106-carat Cullinan diamond...
Mining Mar 31, 2019 Rapaport News
Petra Diamonds
Petra Unearths 101ct. Rough at Cullinan
Petra Diamonds recovered two gem-quality rough stones fromits Cullinan mine in South Africa Friday. The 100.83-carat, D-color, type IIstone and another 6.12-carat, blue, type II diamond will be included in the company’supcoming tender later...
Mining Mar 10, 2019 Rapaport News
Petra
Petra Names New CEO to Drive Turnaround
Petra Diamonds has appointed mining veteran Richard Duffy as its new CEO in the hope he will return the company to positive cash flow and lower debt.“[Duffy] brings with him an impressive depth of globalmining experience,...
Mining Feb 18, 2019 Rapaport News
Petra Cullinan mine 150
Price Drop at Cullinan Dents Petra
Petra Diamonds’ shares fell more than 15% in early trading Monday after theminer reported a significant slide in rough-diamond prices at its flagshipCullinan asset. The average price plunged 31% to $96 per carat at the miner’sSouth...
Mining Jan 28, 2019 Rapaport News
Petra Finsch 150
Price Rise Lifts Petra Rough Sales
Petra Diamonds saw a jump in revenue in the third fiscal quarter amid a stronger rough market.Revenue surged 44% year on year to $172 million for the three months ending March 31, while salesvolume increased 28%...
Mining Apr 24, 2018 Rapaport News
Cullinan Mine Workers 150
Diamond Seizure Dents Petra’s Sales
Petra Diamonds’ sales fell in the first fiscal half afterthe Tanzanian government confiscated a parcel of rough stones from itsWilliamson mine. Authorities seized 71,654 carats destined for Antwerp inSeptember, claiming that Petra had...
Mining Jan 29, 2018 Rapaport News
Finsch Mine
Petra Warns Sales Set to Fall Short
Petra Diamonds has lowered its sales and production forecastfor the current fiscal year, as an expansion of its operations has taken longerthan expected.The South Africa-focused miner’s rough-diamond output willbe 8% to 9% below its projection of 4.4...
Mining Jun 28, 2017 Rapaport News
Cullinan Dream
Petra Cautious After Labor Unrest
Petra Diamonds’ share price fell on Monday as industrialaction at its Cullinan mine forced the company to offer a cautious outlook onproduction.Labor stoppages delayed the expansion program known as theC-Cut extension at the South Africa mine, the...
Mining Feb 20, 2017 Rapaport News
Rough loupe
Analyst Warns of Rough Price Pressure
New diamond mines may force rough prices down next year becauseof increased supply, according to Panmure Gordon.Three mines in Canada will enter the rough market early nextyear: Firestone Diamonds’ Liqhobong mine, Stornoway...
Mining Nov 21, 2016 Rapaport News
Cullinan mine Petra
Petra Diamonds Production Rises 30%
Petra Diamonds said output jumped in the first fiscal quarteras mining grades were higher.Rough diamond production grew 30 percent to 1.1 million carats inthe three months that ended September 30 because of increased contribution from“undiluted...
Mining Oct 25, 2016 Rapaport News
Petra Diamonds 138.57-carat diamond
Cullinan Mine Yields 139ct. Rough Diamond
Petra Diamonds recovered a 138.57-carat, D-color, typeIIa rough diamond, the latest in a string of large stones found at its Cullinanmine in South Africa. The company said it will offer the diamond at its sale inJohannesburg toward the...
Mining Aug 10, 2016 Rapaport News
Cullinan Rough 121.16
Large Cullinan Diamond Sells for $6M
PetraDiamonds sold a 121.26-carat rough diamond for $6 million in Johannesburg in June, the miner reported. A jointventure between Nemesis International and Golden Yellow Diamonds, twodiamond manufacturers specializing in large stones, bought the white diamondfor $49,480...
Mining Jul 03, 2016 Rapaport News
pe
Cullinan Yields Another 'Exceptional' Diamond
Petra Diamonds discovered a 121.26-carat rough diamond atits Cullinan mine in South Africa.The white, type-II diamond of “exceptional” color andclarity is the latest in a string of large gems recovered at the mine, whichholds a world record for producing...
Mining Jun 21, 2016 Rapaport News
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