Petra Diamonds rethinks sales tactics as market slump drags on
Petra Diamonds rethinks sales tactic
Petra 20.08 carat blue diamond
Petra Diamonds hits all-time low as cash burn continues
Petra Diamonds is to begin discussions with financiers on refinancing a $273m bond that matures in March next year amid scepticism that the company will survive the event.
Duffy resigns as Petra CEO, interim revenue knocked by market weakness
Independent mining group Petra Diamonds, which owns and operates diamond mines in South Africa
Petra Sales Up, Prices Down
Petra Diamonds reported increased sales for FY 2024, despite weak market conditions.
Petra Diamonds focusing on refinancing $250-million loan notes
Petra Diamonds focusing on refinancing $250-million loan notes
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 H1 Production Up, but Revenue Down
Petra Diamonds Limited has announced that while its production for the six months ended December 2019 was up 3 percent to 2,070,240 carats (H1 FY 2019: 2,019,147 carats), revenue for the same period was down 6 percent. Revenue fell to $193.9 million from 1,743,807 carats (H1 FY 2019: $207.1 million from 1,736,357 carats). The decline … Read more
Petra finds 20.08-carat blue diamond at flagship Cullinan mine
RECOVERY DEMONSTRATES CULLINAN REMAINS A SIGNIFICANT SOURCE OF RARE BLUE DIAMONDS