Petra Cullinan Diamonds has sold two of its special stones from its mine in Cullinan, South Africa in a partnership with diamond sourcing and supply company Stargems. The South African subsidiary of Dubai-based Stargems Group purchased a 342.92-carat, white, type IIa diamond for an upfront payment of $10 million, Petra said Wednesday. The same buyer …
Who are the Diamond Producing Countries? Diamonds are mined in 24 different countries know as diamond producing countries. Group 1 countries produce the fewest pure gem quality diamonds. They mainly produce industrial diamonds and near-gem quality diamonds destined for fashion jewelry markets. Group 2 countries produce the largest number of commercial grade diamonds mainly destined …
Petra Diamonds Petra Diamonds reported revenue slumped 28 percent year on year to $154 million in the first half that ended December 31. Excluding exceptional precious stones, sales dived 18 percent to $144 million. Production rose 2 percent from a year ago to 1.6 million carats, above the company’s target of 1.5 million carats, according …
