Petra Diamonds

$15M Blue Diamond to Hit Christie’s Auction Block

A blue diamond pendant will be among the headliners in next month’s Christie’s sale in New York, where it is expected to bring in up to $15 million. The pear modified brilliant-cut, 31.62-carat, fancy-blue stone, surrounded by white and pink diamonds, is potentially internally flawless, Christie’s said Tuesday. A pear brilliant-cut, 86.64-carat, D-color, VVS1-clarity diamond … Read more

Lucara Sales Fall Amid Lack of High-Value Diamonds

Lucara Diamond Corp.’s sales dropped in the third quarter as the company supplied fewer large and expensive stones from its lucrative Karowe mine in Botswana. Revenue fell 31% year on year to $49.9 million, while net profit slumped 86% to $1.8 million, Lucara reported Wednesday. Sales of rough from Karowe declined 36% to $46.5 million, … Read more

Botswana Diamonds licensed for South African kimberlite cluster

The kimberlite cluster is located around 110km north-east of a Finsch diamond mine. Diamond mining company Botswana Diamonds has secured a five-year prospecting licence on ground containing the Reivilo cluster of kimberlites in Barkley West, South Africa. The kimberlite cluster is located around 110km north-east of a Finsch diamond mine owned by Petra Diamonds. According to an … Read more

151 ct Yellow diamond recovered at Canada’s Arctic Circle

oronto-listed Mountain Province Diamonds will next week put on sale an “exceptional” coloured rough diamond, which it recovered from the Gahcho Kué mine, in Canada’s Northwest Territories. The diamond, a 151.60 t octahedron of exceptional clarity, will be offered for sale alongside a selection of more than 90 individual special rough diamonds recovered from the company’s Canadian diamond mine. The upcoming … Read more

11.15-Carat Internally Flawless Pink Diamond Could Fetch $21 Million

The second largest internally flawless fancy vivid pink diamond to ever appear at auction was unveiled Wednesday in London by Sotheby’s. The 11.15-carat Williamson Pink Star will be sold in a single-lot auction in Hong Kong on October 5. Its estimate is $21 million. The auction house says it has the potential to set a … Read more

World’s Top 5 Diamond-Producing Countries

Diamond is a naturally occurring rare mineral that is composed of pure elemental carbon. Due to the extremely rigid arrangement of the carbon atoms in a crystal structure, diamonds possess the maximum hardness and thermal productivity than any natural material. Diamonds are also in high demand as gemstones and as luxurious commodities. Despite having a reputation … Read more