Petra Diamonds cuts forecasts, jobs amid market weakness, softer prices
Petra’s sales revenue for the third tender fell 7% to $71 million, bringing year-to-date revenue to $146 million, down from $188 million last year.
Petra Diamonds
Diamond miners’ results spark market recovery hopes
Lucapa Diamond (ASX: LOM) and Petra Diamonds (LSE: PDL) provided a glimmer of hope for the precious gemstones market on Tuesday by posting stronger revenues and production figures, signalling a…
Petra defers another diamond tender amid weak demand
Petra Diamonds (LSE: PDL) has again postponed the sale of rough stones, holding on to the diamonds from its South African operations that would have been offered during the August/September…
Gem Diamonds finds sixth 100+ carat stone this year
Africa-focused miner Gem Diamonds (LSE: GEMD) has unearthed a 212.9-carat Type II white diamond at its prolific Letšeng mine in Lesotho, less than a month after a previous major find. The diamond,…
Gem Diamonds finds yet another big stone in Lesotho
Africa-focused miner Gem Diamonds (LSE: GEMD) has unearthed a new major Type II white diamond at its prolific Letšeng mine in Lesotho, barely six days after the previous find. The 118.74-carat…
Price decline woes likely over, says Petra Diamonds
Petra Diamonds (LSE: PDL) said on Friday a decline in diamond prices experienced this year has likely bottomed as the company is already seeing improved market conditions. The South African…
Petra Diamonds says supply curbs, India’s moratorium stabilizing market
Petra Diamonds (LSE: PDL) said on Tuesday that operations at its Cullinan and Finsch mines in South Africa, and the resumption of production at the Williamson mine in Tanzania, led…
Petra Diamonds misses production target for 2023 on lower grades
Petra Diamonds (LSE: PDL) said Tuesday it had missed its diamond production target for fiscal 2023, while sales remained low due to weak demand. The diamond miner produced 2.67 million…
Petra Diamonds flags revenue hit as it defers sale to August
Petra Diamonds (LSE: PDL) has postponed the majority of what would have been its sixth sale for its 2023 fiscal year due to what it calls “a temporary slowdown” in…
Petra Diamonds sells half its stake in Williamson mine
Petra Diamonds (LSE: PDL) said on Wednesday it had inked a definitive deal to sell 50% of its stake in the Williamson diamond mine in Tanzania to local technical services contractor…
Petra Diamonds to keep Williamson mine idled until mid-2023
Petra Diamonds (LSE: PDL) said on Wednesday its Williamson mine in Tanzania would not resume production before the middle of 2023, following the partial collapse of a tailings storage facility…
Strong diamond demand boosts Lucara revenue, Petra sales
Petra Diamonds (LSE: PDL) and Lucara Diamond (TSX: LUC) added evidence today that the global market has returned to pre-pandemic levels after posting a sharp increase in sales and revenue…