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Rough diamonds
Petra Sells Botswana Business for $300K
Petra Diamonds has sold three exploration projects to Botswana Diamonds for $300,000, the mining companies announced Monday.The transaction includes Petra’s KX36 project, a kimberlite in Botswana the miner discovered in 2010, as well as two other...
Rough Markets Jul 21, 2020 Rapaport News
Petra
Petra Sees Rough Prices Drop 27%
Rough prices slumped at Petra Diamonds’ March tenders as buyers sought discounts due to the slowdown in the market caused by the COVID-19 pandemic.Goods from Petra’s South African mines sold for 27% less than in February...
Mining Apr 12, 2020 Rapaport News
Petra Cullinan mine plant
Rough Prices Slide 24% at Petra Tender
Rough prices slumped at Petra Diamonds’ March tenders in South Africa and Antwerp as the severe slowdown in the market virtually wiped out demand.Goods from Petra’s South Africa mines sold for 24% less than...
Mining Mar 29, 2020 Rapaport News
Peter Hill Petra 150
Petra Names New Chairman
Petra Diamonds has appointed Peter Hill as non-executivechairman, succeeding company founder Adonis Pouroulis, who is stepping down,the company said Tuesday. Hill is currently non-executive chairman of geotechnicalcontractor Keller Group and of building-products company Volution Group....
Mining Dec 17, 2019 Rapaport News
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 Launches Artisanal Mining at South Africa Site
Petra Diamonds has launched a small-scale mining initiativeat its Koffiefontein deposit that will provide work for the local South Africancommunity. The miner will give some of its tailings — ore thathas already been...
Mining Oct 31, 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
Weak Prices Dent Petra Revenue
Petra Diamonds’ revenue fell in the first fiscal quarteramid a drop in the average price and a weaker product mix at three of itsmines. Revenue dropped 23% year on year to $61.6 million for thethree months ending September...
Mining Oct 23, 2019 Rapaport News
AFG
French Gem Group to Hold Diamond Symposium
The French Association of Gemmology (AFG) will hold aconference in Paris on the state of the diamond industry, it said Monday.The 18th Paris Gemmological Rendez Vous — whichwill take place on September 9 — will cover topics including diamondmining,...
Polished Markets Jul 23, 2019 Rapaport News
Petra Cullinan mine 072219 150
Petra to Reduce Production as Prices Slip
Shares in Petra Diamonds slipped 6% in early trading Monday after the minerreported it would lower its production for fiscal 2020. The company expects to produce about 3.8 million carats inthe financial year ending June...
Mining Jul 22, 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
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
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