Blue diamonds are a girl’s best friend: Petra’s five rare stones sell for R600m
Petra’s collection of five blue diamonds recovered at the Cullinan Mine in September sold for $40.36 million this week.
Petra’s collection of five blue diamonds recovered at the Cullinan Mine in September sold for $40.36 million this week.
Debt-ridden mining group, Petra Diamonds is selling the Letlapa Tala Collection of five blue diamonds through a tender process.
The JSE is to fine scandal-hit Steinhoff R13.5m for breaching listing requirements, including by publishing false and misleading information, reports Reuters.
South African banks are urging clients to use digital channels as the industry prepares for what could be its biggest strike since 1920.
While the gems sparkle with opportunity for Chinese consumers, the future is evidently less certain for Petra Diamonds investors who might find better bets elsewhere.
Gem Diamonds expects firm prices this year after they rose at its first auction of 2015 last week.
Petra Diamonds Ltd said on Monday it expected full-year results below analysts’ average forecast, citing softness in the diamond market.
Petra Diamonds Ltd has found a 232.08-carat white diamond at its Cullinan mine in South Africa, which four analysts predict could fetch between $10 million to $16 million.
(Reuters) – Petra Diamonds Ltd said it would mine about 3.2 million carats in the financial year ended June 2015, an increase of 3 percent from the previous year. The company, which has five producing mines in South Africa and one in Tanzania, said it remained on track to meet its production target of about 5 million carats … Read more
Maseru, Lesotho | AFP | Tuesday 5/8/2014 A 198-carat white diamond of excellent quality has been discovered in Lesotho, mining firm Gem Diamonds announced Tuesday. The stone was found in the Letseng mine in the kingdom’s northern Maluti mountains in July, the firm said in a statement. “This exceptional white, high-quality diamond displays no florescence and is expected to achieve … Read more