RAPAPORT… Production from the Kimberley mining operations in South
Africa will come to Antwerp for tender following Petra Diamonds’ sale of the
asset.
Until now, Petra only offered the goods for sale in South
Africa. The company offloaded its 76% stake in the project to Ekapa Mining for
$22 million last month in order to focus on its core assets.
Koin International will facilitate the initial sale of more
than 66,000 carats of rough weighing 0.75 carats and below, as well as 10.8-carat
stones and higher. Viewings will take place in Antwerp in late August and early
September, Koin said Tuesday. Production from other companies’ mines will
feature at the same tender.
Kimberley Rough Goes on Sale in Antwerp
The Bottom Line
- Petra Diamonds sold its 76% stake in the Kimberley mining operations to Ekapa Mining for $22 million last month.
- Kimberley rough production will now be tendered in Antwerp, expanding beyond previous sales limited to South Africa.
- Koin International will manage the initial Antwerp tender, offering over 66,000 carats of rough stones under 0.75 carats and stones above 10.8 carats, alongside production from other mines.
More Stories
Michael Hill Reports Sales Rise Across All Segments
Same-store revenue up in Canada, Australia and New Zealand.
Luk Fook Revenue Rises as Diamond-Jewelry Demand Improves
Group opens store in London, entering European market for first time.
91ct. Starlight Diamond Necklace to Headline Christie’s Shanghai
William Goldberg jewel carries high estimate of $2.7 million.
