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.
-
May- 2016 -25 MayAuctions
World’s largest fancy intense blue diamond could fetch £19.8m
The world’s largest fancy intense blue diamond – the ‘Cullinan Dream’ – to go under the hammer could fetch up to $29m (£19.8m). The 21.18ct diamond will be auctioned as the centrepiece of Christie’s Magnificent Jewels and The Cullinan Dream auction on 9 June 2016 in New York, with the…
Read More » -
Apr- 2016 -26 AprilCurrent Affairs
Petra Diamonds revenue soars 25% in Q3 results
Petra Diamonds has announced its revenue rose 25% to $120.5m (£82.9m) in the third quarter (Q3) of the 2016 financial year, when compared with the same period in 2015. In its latest trading update for the period from 1 January to 31 March, Petra said its revenue was pushed up…
Read More » -
Mar- 2016 -24 MarchCurrent Affairs
Petra Diamonds sells ‘exceptional pink’ diamond for £10.7m
Petra Diamonds has announced the sale of an ‘exceptional pink’ diamond for $15m (£10.7m). The diamond, which was recovered from the firm’s Williamson mine in Tanzania and weighs 32.33-carats, was purchased by Golden Yellow Diamonds on behalf of M.A. Anavi Diamond Group, a leading diamond manufacturer and specialist in large…
Read More » -
Jan- 2016 -25 JanuaryEconomy
Petra Diamonds revenue falls 28% in first-half results
Petra Diamonds has announced that revenue for the first six months of the financial year – ending December 31 – fell 28% to $154m (£108m). The fall in revenue was despite a 2% increase in production to 1,629,403 carats – compared with 1,601,069 carats in the same period last year…
Read More » -
Dec- 2015 -1 DecemberCurrent Affairs
Petra and Ekapa Mining acquires De Beers’ Kimberley mines
Petra Diamonds and South African mining company Ekapa Mining have announced the acquisition of De Beers’ Kimberley mines. Petra, which owns the Finsch and Cullinan mines, said that deal of 102 million rand (£46.9m) will see it own a 49.9% interest in the mine, with Ekapa owning a 50.1% share.…
Read More » -
Nov- 2015 -30 NovemberCurrent Affairs
Petra recovers 23-carat pink diamond
Petra Diamonds has announced the recovery of a 23.16-carat pink diamond from its Williamson mine in Tanzania. The pink diamond is described as having “exceptional colour and clarity” and is an example of the high-quality pink diamonds for which Williamson is known. Petra said it is its “most significant” recovery…
Read More » -
2 NovemberCelebrities
Petra Diamonds’ production up but diamond prices slump
Petra Diamonds has reported an increase in production but a fall in diamond prices in its trading update for the period July 1 to October 27. In its first quarter results for 2016, Petra reported no revenues as its first diamond sale of the financial year was not until October…
Read More » -
Sep- 2015 -18 SeptemberInternational
Petra Diamonds revenue drops 10% in full year results
Petra Diamonds has announced that revenue for the year ended 30 June 2015 dropped by 10% to $425m (£271.7m) compared with the previous year, according to its preliminary unaudited results. Net profit after taxation was down a more considerable 33% to $62.8m (£40.2m). The firm put the decreases down to the reliance of its underground mines on…
Read More » -
Jul- 2015 -27 JulyEconomy
Petra Diamonds production up but revenue falls 10%
Independent mining firm Petra Diamonds has reported a fall in revenue despite an increase in production in its full year financial results, ending June 30. Revenue for the company was down 10% to $425m (£273.9m), which it put down to lower average diamond prices than in the same time last…
Read More » -
Jun- 2015 -8 JuneInternational
WFDB to discuss co-operation with new Diamond Producers’ Association
The president of the World Federation of Diamond Bourses (WFDB) has said the upcoming presidents meeting between his body and the International Diamond Manufacturers’ Association will be used as an opportunity to discuss cooperating with the new Diamond Producers’ Association (DPA). Ernie Blom said: “I am looking forward to meeting some…
Read More »
