Petra Diamonds

Petra Diamonds appoints three non-executive directors

Petra Diamonds has announced the appointment of three non-executive directors who will join the company. Amongst the appointments includes Deborah Gudgeon, who will also join as chair-designate of the audit and risk committee, she is currently an independent non-executive director and chair of the audit committee at Evraz plc, which…

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Petra Diamonds revenue slides 8%

Petra Diamonds saw revenue fall by 8% to $178.1m (£130m) in the first half of 2020, down from $193.9m (£) the previous year, attributed to the continuous impact of Covid-19. The group sold 1,712,797 carats in 2020, which was marginally less than in 2019, when 1,743,807 carats sold. In 2020,…

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DPA rebrands as the Natural Diamond Council

The Diamond Producers Association (DPA) has unveiled its rebranding to ‘Natural Diamond Council’ (NDC) with a new consumer facing identity and digital platform called ‘Only Natural Diamonds.’ As an industry authority, the NDC said it will continue to “invest in advertising globally but will also become the go-to digital publisher…

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The rise of fancy coloured diamonds

One in every 10,000 diamonds produced possesses natural colour. For this reason alone, fancy coloured diamonds have long been cherished for their beauty and rare form, retaining value and making prized and valuable jewels within the diamond industry. Over the past 14 years, fancy coloured diamonds (typically blue and pink…

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Petra Diamond revenue jumps 48% in first-half results

Petra Diamonds has announced that revenue jumped 48% for the first six months of its 2017 financial year. In a trading update for the first half of its 2017 financial year ending 31 December 2016, the diamond mining firm reported a revenue increase to $228.5m (£183m) – up 48% from…

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Petra diamond production up 30% as diamond market ‘holds firm’

Mining firm Petra Diamonds has reported a 30% increase in diamond production in its latest trading update for the first quarter of the 2016-2017 financial year. The company’s production increased to 1,097,523 carats – up from 842,796 carats in the same period last year. Petra said this was due to…

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Petra recovers 138.57-carat white diamond

Petra Diamonds has announced the recovery of a 138.57-carat white diamond from its Cullinan mine in South Africa. The diamond is classified as Type IIa, D colour, meaning it has high clarity, and will be offered for sale as part of the company’s upcoming sales process in Johannesburg next month.…

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Petra Diamonds reports marginal 1% revenue increase

Petra Diamonds has reported a 1% increase in revenue, despite a fall in the price of rough diamonds in the first half of 2016. In its preliminary results for the year ending 30 June, the company reported revenue of $430.9m (£328.5m) compared with the $425m (£324m) recorded last year. The…

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Petra recovers 121.26-carat white diamond

Mining firm Petra Diamonds has announced the recovery of a 121.26-carat white diamond from its Cullinan mine in South Africa. The stone is a type II diamond of ‘exceptional colour and clarity’ and is an example of the large and high-quality diamonds the mine is known. The largest rough diamond…

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Blue diamond sells for record-breaking £17.5m

The Cullinan Dream has sold at auction for $25.3m (£17.5m), making it the most expensive fancy intense blue diamond to have ever gone under the hammer. The 24.18-carat diamond – sold at Christie’s Magnificent Jewels & The Cullinan Dream auction in New York on Thursday 9 June – is named…

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