RapNet


Rapaport News

 

Search Results

   

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail
Tanzania diamond
Independent Miner Finds 512ct. Rough in Tanzania
A Tanzanian small-scale miner has recovered a 512-caratdiamond, the largest ever found in the country, according to a Twitter post by a government official.The stone, which sold for $1.4 million, was found earlierthis month by Joseph Temba in the...
Mining May 29, 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
Troubles at Finsch Mine Hit Petra Output
Production at Petra Diamonds fell in the third fiscalquarter due to operational challenges at its Finsch mine in South Africa, it said Monday. Output for the three months ending March 31 dropped 7% to924,228 carats. Production at Finsch plunged...
Mining Apr 15, 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 Varda Shine 150
Petra Adds Ex-De Beers Exec to Board
Petra Diamonds has appointed former De Beers executive VardaShine as a non-executive director in line with a plan to refresh its leadership,the miner said Monday. Shine was CEO of the Diamond Trading Company — now DeBeers Global Sightholder...
Mining Oct 29, 2018 Rapaport News
Petra
Higher-Value Stones Lift Petra Revenue
Petra Diamonds’ revenue jumped in the first fiscal quarter dueto demand for higher-quality goods. Revenue surged 22% year on year to $80.2 million for thethree months ending September 30, the miner reported Monday....
Mining Oct 24, 2018 Rapaport News
Petra Johan Dippenaar
Petra Boss Steps Down Amid $203M Loss
Petra Diamonds CEO Johan Dippenaar will leave the company afterit recorded a huge loss during the fiscal year, it said Monday. The company reported a net loss of $203.1 million for the periodending June...
Mining Sep 17, 2018 Rapaport News
Kimberley
Kimberley Rough Goes on Sale in Antwerp
Production from the Kimberley mining operations in SouthAfrica will come to Antwerp for tender following Petra Diamonds’ sale of theasset. Until now, Petra only offered the goods for sale in SouthAfrica. The company offloaded...
Rough Markets Aug 29, 2018 Rapaport News
Botswana 150
Botswana Diamonds Faces Asset Challenge
A South African company is claiming rights to portions of Botswana Diamonds’ Mooikloof project. “Despite [Botswana Diamonds associate Vutomi] obtaining afully notarized and registered prospecting right on Mooikloof from the SouthAfrican Department of Mineral Resources [DMR],...
Mining Aug 01, 2018 Rapaport News
Petra 150
Petra Drops After Weak Production Outlook
Shares in Petra Diamonds slipped on Monday after the miner loweredits production forecast for fiscal 2019. The company expects to produce between 4.6 million and 4.8million carats in the fiscal year ending June 2019,...
Mining Jul 23, 2018 Rapaport News
GIA Pink Diamond
Petra Sells Kimberley Mine for $22M
Petra Diamonds will offload its majority stake in theKimberley mine, claiming the deal will ensure a sustainable future for theproject and help the company focus on its core assets. Ekapa Mining has agreed...
Mining Jul 05, 2018 Rapaport News
Petra Diamonds
Petra to Raise $178M to Repay Debt
Petra Diamonds plans to sell stock to shareholders in a bidto raise $178 million and pay off its debt, it said Thursday. The miner will issue 332.8 million new shares for $0.54 (GBP0.40) each, a steep...
Mining May 24, 2018 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
Petra Diamonds CEO Johan Dippenaar holding 122.52
Petra Diamonds Posts Heavy Loss
Petra Diamonds slumped to a significant loss in the first fiscalhalf as the South African rand strengthened against the dollar, reducing the value of two mines the company operates in the country. The net loss came...
Mining Feb 19, 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
Bull bear stocks
Five Takeaways from the Stock Market in 2017
In a year of soaring stock prices, US retail shares largely underperformed in 2017 as consumers (and investors) abandoned traditional shopping channels in favor of e-commerce platforms. As a result, familiar names such as J.C. Penney, Macy’s and Signet Jewelers slipped...
Retail Jan 01, 2018 Joshua Freedman
Previous 1 Next
Show articles per page




Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us