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 Diamondsโ developmentsโfrom 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- 2015 -28 MayInternational
Big 7 diamond miners to form association
Seven of the worldโs leading diamond mining companies have announced plans to form a new Diamond Producers Association (DPA). The founding members ย – ALROSA, De Beers, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra Diamonds, and Gem Diamonds – said they will work together to “support the development of…
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Mar- 2015 -5 MarchManufacturers
Polished diamond prices continue decline in February
Polished diamonds continued to decline in February despite โimproved sentimentโ ahead of the Hong Kong International Diamond, Gem and Pearl show.ย This is according to the RapNet Diamond Index (RAPI) which found prices for 0.30-carat diamonds declined by 1.3%, 0.50-carat diamonds fell by 1.4% and 3-carat diamonds decreased in price…
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Feb- 2015 -16 FebruaryTrade Organisations
BJA and NAG draft questionnaire for diamond graders
Members of the British Jewellers Association (BJA) and National Association of Goldsmiths (NAG) met last week to discuss the apparent anomalies between diamond grades attributed to stones by different diamond grading organisations.ย It was agreed that a questionnaire should be drawn up by the two associations which will be sent…
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Jan- 2015 -28 JanuaryManufacturers
Petra Diamonds reports 16% increase in revenue
Independent mining firm Petra Diamonds revenues have climbed 16%, despite a 2% fall in production, in its six-month results up to December 31, 2014.ย The company reported revenue of $214.8m (ยฃ142.5m), up from $184.6m (ยฃ121.4m) in the same period the previous year. The report included the sale of two โexceptionalโ…
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Nov- 2014 -13 NovemberTrade Organisations
BJA and NAG call for greater honesty in diamond trading
The British Jewellers Association (BJA) and the National Association of Goldsmiths (NAG) have today made a call for greater honesty and transparency in diamond trading, following the release of Martin Rapaportโs โHonest Gradingโ report. The BJA and NAG have released a statement in which they said the issue of diamond…
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5 NovemberTrade Organisations
DDI to manage Kimberley Process technical assistance
The Diamond Development Initiative (DDI) has begun coordinating the โtechnical assistanceโ function of the Kimberley Process with the help of a grant from Signet Jewellers.ย The Kimberley Process Certification Scheme (KPCS) is a joint government, industry and civil society initiative to stem the flow of conflict diamonds, especially those used…
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Oct- 2014 -28 OctoberManufacturers
Petra Diamonds reports highest production in its history
Petra Diamonds has announced its revenue in Q1 was up 55% to $100.8m (ยฃ62.3m).ย The results also included the sale of an 85% interest in its 122ct Cullinan blue diamond for $23.5m (ยฃ14.5m), discovered earlier this year. The results, which covered production and sales from July 1 to September 30…
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Sep- 2014 -11 SeptemberCurrent Affairs
Petra share price soars after 232-carat white diamond find
Independent mining firm Petra Diamonds saw its shares soar on Tuesday after it announced the recovery of a 232-carat white diamond at its Cullinan mine.ย Shares on the FTSE 250-listed rose by 8.65% finishing the day on 192.10p. The diamond is a D colour Type II diamond, one of the…
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Jun- 2014 -13 JuneCurrent Affairs
Petra recovers 122-carat blue diamond at South African mine
Petra Diamonds has recovered a rare blue diamond of 122.5 carats at its Cullinan mine in South Africa. The stone will require further analysis in order to assess its potential value and upon completion of this process, Petra will evaluate its โoptimal route to the marketโ. It is understood that…
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