Petra Diamond mine

Petra to sell 32-ct Pink Diamond from Re-opened Mine

Petra is to offer a 32.32-carat pink diamond at its first tender of goods from the Williamson mine, in Tanzania following a Covid-enforced closure. The stone is among 26,000 carats that will be offered in Antwerp from 19 to 26 November.The London-based miner classified Williamson as “an asset held for sale for financial reporting purposes” … Read more

Petra Diamonds mulls selling Williamson mine

South Africa’s Petra Diamonds is considering selling its Williamson mine in Tanzania, even as it continues to work on bringing the operation back online in the second half of 2021. Delivering its year-end results, Petra said that Williamson had been classified as a discontinued operation, which will mean an accounting loss of $52.1 million for … 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