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 South Africa
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 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
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
