Revenue Slump as Petra Defers Sales
Petra reported a revenue slump for Q1 2025 after deferring the sale of almost all its South African goods because of persistent weak demand.
Cullinan diamond
Petra to sell blue diamonds recovered at Cullinan
Petra Diamonds (LON: PDL) announced the launching of a special tender process for the Letlapa Tala Collection, which comprises five blue diamonds sourced from the Cullinan mine in South Africa. Cullinan is known as the world’s most important source of blue diamonds, as well as being the place of birth of the 3,106-carat Cullinan diamond, … Read more
Petra Diamonds recovers five rare large high-quality blue diamonds at Cullinan Mine
South Africa’s Petra Diamonds, which put itself up for sale in June, announced on Wednesday it had found five high-quality blue diamonds, but toned down the news by saying the discovery won’t help turn around its fortunes. Petra, which has been hit by a triple whammy of weak market conditions, power emergencies in the home … Read more
Origin of British Crown Jewels’ diamond revealed
The famous Cullinan diamond, which is now the centrepiece of the British Crown Jewels, likely originated in Earth’s lower mantle, right beneath the rigid and stable continental plates, where the mantle is slowly moving or convecting. The finding is part of ongoing research carried out by Evan Smith and Wuyi Wang at the Gemological Institute … Read more
Petra Diamonds shares fall on lower diamond prices at flagship mine
The Cullinan diamond the largest rough gem diamond ever found