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 mine
Collection of Blue Diamonds to Fetch Over $70M
Sotheby’s will sell a group of eight fancy-blue diamonds from De Beers across its global Magnificent Jewels auctions, expecting the set to bring in more than $70 million. The stones are cut in various shapes and range from 1.22 to 11.29 carats, with a total weight of 32.09 carats, Sotheby’s said last week. The polished … Read more
Petra Diamonds in Partnership Deal With Stargems on White And Blue Diamonds
Petra Diamonds Limited has sold a 342.92 carat Type IIa white diamond and an 18.30 carat Type IIb blue diamond, both recovered at the Cullinan Diamond Mine in South Africa. The stones have been sold into a partnership with Stargems (Pty) Ltd. Petra will receive an upfront payment of US$10.0 million for the 342.92 carat … Read more
Petra Diamonds finds 342-carat rough at Cullinan mine
South Africa’s Petra Diamonds has recovered a 342.92-carat Type IIa white rough at its iconic Cullinan mine. The company said the diamond is “exceptional” quality, in terms of both its colour and clarity, and that it will likely be sold at the September tender. Petra fetched in March $12.2 million for a 299.3-carat Type IIA … Read more
Blue rough diamond fetches $40 million
Petra Diamonds Ltd. sold a 39.3-carat blue gem for more than $40 million, making it one of the most expensive rough diamonds ever. The small miner sold the exceptional Type IIb blue diamond to a joint venture between top producer De Beers and Diacore, a trading company owned by the billionaire Steinmetz family, it said … Read more
Petra puts “exceptional” 39-carat blue diamond up for sale
South Africa’s Petra Diamonds has put a 39.34 carat Type IIb gem recovered at its iconic Cullinan mine in April up for sale, with viewings beginning June 15. The company said the diamond of “exceptional quality” in terms of both its colour and clarity, will be showcased in Antwerp, Dubai, Hong Kong and New York. … Read more
Petra finds 39-carat blue diamond at Cullinan mine
South Africa’s Petra Diamonds has found yet another big rock at its iconic Cullinan mine, a 39.34 carat Type IIb gem said to be of “exceptional quality” due to both its colour and clarity. The miner didn’t indicate the diamond’s potential value but said it would sell it in a special tender. Cullinan is known … Read more
Petra sells 299 carat diamond for $12.18 million
Petra Diamonds has sold a 299.3 carat diamond recovered in January at its iconic Cullinan mine, in South Africa, to Belgium-based Stargems DMCC for $12.18 million. The exceptional Type 11a white gem-quality rock achieved a price of $40,701 per carat, which exceeds the $34,386/ct received for the 424.89 carat “Legacy of the Cullinan Diamond Mine” … Read more
Rare Rough Blue Diamonds
Recovered from the famous Cullinan Mine in South Africa, these blue diamonds are among the world’s most expensive Five blue diamonds have been recovered from Petra Diamonds’ famous Cullinan mine in South Africa. They are among the world’s most expensive diamonds, and were formed deep within the Earth about 400 miles below the surface, which … Read more
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