How Petra Diamonds plan to use tech to battle rise of lab-grown alternatives commodities Blockchain technology could help diamond sellers confirm the emissions footprint and the quality of working conditions at their mines.
Petra Diamonds posts sparkling revenue as demand and price surge DIAMONDS Revenue was up 33 per cent to $140.6m for Petra Diamonds, as the price of diamonds spike by over 30 per cent from 2021.
Petra Diamonds books $10m loss as prices decline Petra Diamonds books $10m loss as prices decline Petra Diamonds fell to a loss in the first half of the year after increasing production at the miner was offset by a decline in diamond prices. Shares in the firm fell over nine per cent in early trading. The figures The company booked a $10m loss in the six months to December, a swing [...]
Gem Diamonds sees revenue jump 41 per cent amid hopes of upturn February 13, 2020 Gem Diamonds saw its revenue increase 41 per cent today after a hike in the price of the precious stones had producers optimistic of a better 2020 for the troubled market. The miner, which has operations in Lesotho, said revenue hit $51.3m (£39.5m), up from $36.3m in the previous quarter. A 21 per cent rise [...]
Petra Diamonds revenue falls but glimmers of hope remain January 27, 2020 Precious stone miner Petra Diamonds said that its revenue fell six per cent in the first half of the financial year due to slowing demand in Asian markets. The firm sold 1.7m carats for $193.9m (£148.5m) in the period, compared to $207.1m in the same period in 2019. Anti-government protests in Hong Kong, as well [...]
Petra Diamonds appoints new chairman as founder steps down December 17, 2019 Petra, one of the world’s largest diamond miners, has appointed Peter Hill as its next chairman, succeeding the group’s founder Adonis Pouroulis. Hill, a mining engineer by trade, is currently non-executive chairman of geotechnical contractor Keller Group and building products firm Volution. Read more: Diamond in the rough: Petra sells blue gem for £14.9m Between [...]
Diamond in a rough year: Petra sells blue gem for $14.9m November 18, 2019 Petra Diamonds has sold a 20.08 carat blue diamond found at South Africa’s famous Cullinan mine for $14.9m (£11.49m). The company said that this was equivalent to roughly $741,000 per carat. Read more: Petra loses its sparkle as annual profits plunge It added that the buyer was a leading diamond company that wished to remain [...]
Shares in Petra Diamonds fail to sparkle despite record production October 27, 2014 MINING firm Petra Diamonds has reported its highest quarterly production since the company launched in 1997, at 833,744 carats for the first quarter of 2014-15, up two per cent from the 816,735 carats recorded at the same time last year. Revenue also grew to $100.8m (£62.5m), up 55 per cent on $65.1m in 2013-14, despite [...]
Petra’s revenue up 55 per cent on sale of rare diamond October 27, 2014 Petra Diamonds’s first quarter revenue jumped 55 per cent, boosted by the sale of a 122 carat blue diamond. Revenue jumped to $100.8m (£62.1m) in the first quarter, up from $65.1m for quarter one last year. Petra sold an 85 per cent interest in the rare diamond for $23.5m back in September. The revenue gain was [...]
Petra Diamonds may pay dividend early as profits jump October 21, 2014 Petra Diamonds yesterday announced that it was looking at paying a dividend in 2015 instead of 2016 as previously stated, after posting positive full-year results for 2014. The diamond miner reported a 20 per cent jump in revenue for the year ended June 2014, up to $478.1m (£296.3m) from $392.5m, while profit before tax was [...]