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Petra Diamonds is a rapidly growing diamond mining group, focused on the African continent. A number of recent acquisitions have established Petra Diamonds as one of the world’s largest independent diamond groups by resources, with a total resource base of 265 million carats, worth US$27.3 billion (as at September 2008 Resource Statement). The Company’s objective is to continue to develop its stature as a leading diamond producer in all of the countries in which it operates.
Fancy vivid blue diamond breaks world records at auction
The blue diamond produced from the Cullinan mine has sold for US$9,488,754m, or US$1,349,752 per carat, establishing a new record price per carat for any gemstone sold at auction and the highest price for a fancy vivid blue diamond sold at auction. Find out more...
Sotheby’s website hosts a film giving the story of the blue diamond from its source at the Cullinan mine to its sale at the Magnificent Jewels auction in Geneva.
Left: David Bennett (Sotheby’s) and Johan Dippenaar (Petra Diamonds) Geneva May 12, 2009 © Sotheby’s / Jess Hoffman
Diamond-miner takes strong steps to survive economic downturn
5 June 2009
[Miningweekly] Diamond-miner Petra Diamonds is taking strong steps to ensure that it survives the economic downturn by focusing on mines that generate cash and closing down most of its cash-consuming exploration activities, says company CEO Johan Dippenaar.
Full release...
Kono Project placed on temporary care and maintenance
21 May 2009
[Source: RNS] Petra Diamonds announces that the Kono kimberlite fissure project in Sierra Leone, a joint venture with Stellar Diamonds Limited (“Stellar”), has been placed on temporary care and maintenance.
Full release...
Cullinan
- 37% initial interest held
- Second largest diamond
resource in the world - Source of the Cullinan, the world’s largest diamond ever found, a quarter of all the world’s diamonds over 400 carats in size, and highly prized blue diamonds
- Current B-Cut operations support 1 million carats per annum production
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