Petra Diamonds
Petra Diamonds is a prominent player in the rough and polished diamond market, known for producing notable large-scale stones and supporting a significant portion of global supply. Its performance in mining output, production forecasting, and financial health affects pricing, sourcing strategies, and inventory decisions across the UK trade. Jewellery Focus offers expert coverage of Petra Diamonds’ developments—from mine performance and auction results to market positioning and regulatory factors. Our reporting equips jewellers, diamond suppliers, valuers, and manufacturers with the insights needed to anticipate supply shifts, manage margins, and stay competitive in a dynamic diamond landscape.
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May- 2022 -17 MayManufacturers
Petra Diamonds non-executive director steps down
Petra Diamonds has announced that Matthew Glowasky will stand down as a non-executive director of the company and will also stand down from the board, with immediate effect. Glowasky was appointed as a non-independent, non-executive director of the company on 10 March 2021. His appointment was pursuant to a nomination…
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3 MayManufacturers
Petra Diamonds prices plummet 23.7%
Petra Diamonds Limited has announced its like-for-like rough diamond prices decreased by 23.7% in the fifth tender cycle (Tender 5) of 2022. Petra said the reduction in prices is in line with the company’s guidance in its Q3 FY22 trading update last month, where Petra outlined it anticipated some pull…
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Apr- 2022 -20 AprilManufacturers
Petra Diamonds Q3 revenues hit £107.66m
Petra Diamonds Limited has announced its revenues grew by 33% year-on-year in the three months ending 31 March 2022 (Q3), from $106m (£811.71m) to $140.6m (£107.66m). Additionally, revenues increased 43% year-on-year in the nine months to 31 March 2022 (YTD) from $284.2m (£217.63m) to $405.4m (£310.44m). Petra said the growth…
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Mar- 2022 -9 MarchManufacturers
Petra Diamonds Tender 4 sales hit $140.6m
Petra Diamonds Limited has announced its Tender 4 sales hit $140.6m (£106.89m) in FY22, following the sale of 735,222 carats. The announcement comes as the group reported its YTD sales reached $405.3m (£308.12m), while full year sales in FY21 were $406.9m (£309.34m), with further tenders for FY22 due to be…
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Feb- 2022 -23 FebruaryManufacturers
Petra Diamonds H1 profits surge to $91.1m
Petra Diamonds Limited has reported its adjusted pre-tax profits increased to $91.1m (£66.98m) for the six months ending 31 December 2021 (H1 FY22), compared to $6.5m (£4.77m) in H1 FY21 and an overall loss of $18.3m (£13.45m) for the full year in FY21. However, net profit after tax reduced to…
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10 FebruaryAppointments
Petra Diamonds appoints independent non-executive director
Petra Diamonds Limited has appointed Jon Dudas as an independent non-executive director of the company, effective 1 March 2022. Dudas is currently chairman of Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, which he joined in 2020. Prior to this, he was an independent non-executive director and chairman of the National Atomic Company…
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Jan- 2022 -18 JanuaryManufacturers
Petra Diamonds revenue spikes 49% to £194.65m
Petra Diamonds has announced its revenue surged 49% to $264.7m (£194.65m) in the six months ending 31 December 2021 (H1 FY22), compared to $178.1m (£130.9m) in the same period in 2020 (H1 FY21). The manufacturer said the increase is particularly driven by the sale of exceptional stones totalling $77.9m (£57.28m),…
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Dec- 2021 -15 DecemberManufacturers
Petra Diamonds sees Q3 sales up 30.7% to £96.7m
Petra Diamonds has announced its Q3 sales for FY22 totalled $128.3m (£96.7m), up 30.7% year-on-year compared to $98.1m (£73.9m) in Q3 FY21. The company’s Q3 results also increased by 11.6% compared to $114.9m (£86.6m) in Q1 FY22. Altogether, the sales combined to a total of $264.7m (£199.6m) year-to-date in FY22,…
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Oct- 2021 -26 OctoberManufacturers
Petra Diamonds sees revenues surge 48% to $114.9m
Petra Diamonds has revealed its Q1 FY22 revenues increased by 48% during the three-month period ending 30 September. It reported revenues of US$114.9m (£83.1m) compared to Q1 FY 2021 which was US$77.7m (£56.2m). The company said this was driven by proceeds from the sale of Exceptional Stones during the quarter…
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Aug- 2021 -25 AugustManufacturers
Petra achieves $13.5m for 342 and 18 carat diamonds
Jersey-based mining group Petra Diamonds has announced the sale of a 342.92 carat Type IIa white diamond and an 18.30 carat Type IIb blue diamond have been sold for $13.5m (£9.82m). Discovered at the Cullinan Diamond Mine in South Africa, the diamonds have been sold into a partnership with Stargems,…
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