Stargems Takes Koffiefontein Mine off Petra’s Hands

Dubai-based diamond sourcing and supply company will take over responsibility for environmental rehabilitation fees.

Falling Rough Prices Hit Petra Revenue in First Half

Miner cuts full-year production outlook amid unforeseen underground mechanical issues at Finsch.

Petra Finds Potential Buyer for Shuttered Mine

Koffiefontein deposit in South Africa has been on care and maintenance since November 2022.

Rough Prices on the Mend at Latest Petra Tender

Initial December sales results show 20% increase on like-for-like basis.

Petra Postpones Spending Amid Market Slowdown

Miner defers expansion projects at Cullinan and Finsch.

Weak Rough Prices Dent Petra Sales

Revenue down 4% in first fiscal quarter.

Final Prices for Latest Petra Tender Down 17%

September-October trading session ends with total sales of $40.5 million.

Petra’s Sales Slide Amid Large-Stone Scarcity

Revenue down 44% for full fiscal year.

Petra Postpones June Rough Sale

Miner will tender the goods in August, hoping market will improve.

Petra Sells Stake in Williamson Mine for $15M

Pink Diamond Investments has purchased just under 50% of the site.

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