Petra Diamonds sold fewer carats but achieved higher prices earlier this month at its fifth tender of FY 2024, boosted by the sale of an $8.2m blue diamond. The UK-based miner achieved an average $136 per carat on sales of 362,000 carats for $49m. Like-for-like figures for its fourth tender, in February, were $112 per […]

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Stargems has acquired Petra’s mothballed Koffiefontein mine, in South Africa, for a “nominal cash consideration”. The loss-making deposit, which Petra bought from De Beers in 2007, has been on care and maintenance since November 2022. Petra said Dubai-based Stargems would take on the mine’s environmental rehabilitation liabilities and care and maintenance costs, and make a […]

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Petra Diamonds said its fourth tender cycle of FY 2024 demonstrated robust growth in the market, selling 428,860 carats for $47.8 million, marking a 4.0% increase in like-for-like prices compared to Tender 3 FY 2024, which concluded in December 2023. Excluding a remarkable 14.76-carat blue gemstone recovered from the Cullinan Mine, which will be sold […]

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