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 [...]
Petra Diamonds share price rises profits jump 68pc September 18, 2014 A bit of good news for Petra Diamonds investors, who showed their disappointment earlier this week when the company failed to raise the price it expected for a rare 122.52-carat blue diamond. The company's shares opened 0.3 per cent lower on Tuesday morning after the gem raised just $28m (£16.9m) at auction, rather than the [...]
Petra sells rare blue diamond from Cullinan mine for $27.6m September 16, 2014 FTSE 250-listed Petra Diamonds yesterday announced it had sold a rare “exceptional” 122.52-carat blue diamond for $27.6m (£16.9m). However, the sale price fell short of many analysts’ expectations of around $35m, though some estimates had ranged from as low as $20m to as high as $50m. The 122-carat diamond was found in June at the [...]
Petra Diamonds share price slips as rare blue diamond from Cullinan mine sells for only $28 million September 16, 2014 Spending $28m (£17m) on this rare blue diamond was actually a bit of a bargain for one unknown buyer. The rare 122.52-carat blue diamond has been sold by Petra Diamonds.after being discovered in its Cullinan mine back in June when some predicted it could break the record price paid for a rough cut diamond. It might [...]
Petra Diamonds share price soars as it discovers a 232-carat white diamond September 9, 2014 Petra Diamonds saw its shares reach for the stars yesterday, after it revealed it had found an “exceptional” 232-carat white diamond at its Cullinan mine. Shares in the FTSE 250-listed South Africa-focused mining company soared 8.65 per cent yesterday on the positive discovery, finishing the day on 192.10p. Analysts at Numis said they expected the [...]
Petra share price rises as 122.52 carat blue diamond worth £60m is unveiled August 12, 2014 Petra Diamonds took the wraps off their 122.52 carat blue diamond yesterday, no bigger than a strawberry, but potentially worth more than £60m – and the sale process will begin next Monday, 18 August. That is when viewing of the diamond will begin and the longing looks will be allowed until 12 September, also [...]
Petra Diamonds’ share price plunges as investor dumps 43m shares July 29, 2014 Petra Diamonds’ share price plunged over 10 per cent in early trading yesterday, after major investor Awal Bank dumped 43m shares on the market at 190p per share – a 12 per cent discount to the price at Monday’s close. The placing leaves Awal Bank with 13.2m shares, which are subject to a 90-day lock-up. [...]
Petra share price to sparkle as 122.52 carat blue diamond set to be world’s most expensive June 13, 2014 Petra Diamonds has recovered an exceptional 122.52 carat blue diamond its Cullinan site in South Africa. That same mine has produced the largest rough gem diamond ever, the 3,106 carat Cullinan diamond. Martin Potts, an analyst at FinnCap, says that this stone may break the record price paid for a rough diamond. The current record [...]
Petra Diamonds chief predicts buoyant demand from China February 20, 2014 THE CHIEF executive of Petra Diamonds yesterday shrugged off concerns of a growth slowdown in China to predict increased demand for diamonds from the world’s second largest economy, as the FTSE 250-quoted miner unveiled solid first-half results. “Growth is being redirected from high levels of infrastructure spend to a consumer-type economy,” Johan Dippenaar told City [...]