FTSE 100 live: London markets set to rise tracking Asian peers; global attention on Iranian president’s fate
Petra discovers massive diamond September 29, 2009 Mining group Petra Diamonds has discovered a 507 carat stone, which could be worth over $20m (£12.5m), the group announced yesterday. It was found with three other large diamonds at the famous Cullinan mine. Last year, a 480 carat diamond made the firm $18m. Yesterday’s discovery is one of the 20 biggest diamond finds in [...]
Petra discovers massive diamond September 29, 2009 Mining group Petra Diamonds has discovered a 507 carat stone, which could be worth over $20m (£12.5m), the group announced yesterday. It was found with three other large diamonds at the famous Cullinan mine. Last year, a 480 carat diamond made the firm $18m. Yesterday’s discovery is one of the 20 biggest diamond finds in [...]
PETRA BEATS DIAMOND INDUSTRY BLUES May 13, 2009 A MAGNIFICENT blue diamond from Aim-listed Petra Diamonds’ Cullinan mine broke records at a Sotheby’s auction in Geneva on Tuesday evening when it was sold for $9.5m (£6.3m), bucking the industry’s recent woes. The 7.03 carat diamond fetched the highest price per carat for any gemstone ever sold at auction, as well as a record [...]
DIAMOND IN THE ROUGH July 7, 2009 PETRA Diamonds said yesterday its annual output had surged over 450 per cent to more than 1m carats, though it warned lower rough diamond prices had put pressure on revenues, which fell 10 per cent to $69.1m (£42.8m). But the firm, which recently produced two blue diamonds worth around $9m from its Cullinan mine, above, [...]
Saad sell-off spooks City June 9, 2009 SHARES in Berkeley Group fell by 5.2 per cent yesterday after Saad Group sold nearly half its stake in the construction company, heightening concerns over the future of the Saudi investment firm’s other holdings. Saad, which held 28.5 per cent of Berkeley at the end of April, sold 16m of shares at a discounted 701p [...]
Saad credit lines shut down June 11, 2009 FEARS were growing yesterday that Saad Group’s holdings in a raft of companies could be sold-off, as western banks began to shut down credit lines to the company and its billionaire chairman, Maan al-Sanea. Concerns escalated after the central bank in the United Arab Emirates instructed local banks to suspend lending to the troubled Saudi [...]