Petra Revenues Shine
IBTimes reported Petra Diamonds (LON:PDL) reported revenue of $220.6m in the year to end-June, with mining profit at $76.4m.
Articles Tagged "LON:PDL"
Petra Assumes Management of Finsch Diamond Mine
Mining Weekly reported Petra Diamonds (LON:PDL,PINK:PDMDF) has acquired the Finsch diamond mine in South Africa from De Beers.
Petra Gets Approval to Buy De Beers’ Finsch Diamond Mine for $210 Million
Bloomberg reports Petra Diamonds Ltd. (LON:PDL) will buy a diamond mine from De Beers for $210 million.
India and China Boosting 2011 Diamond Market
Diamond consumption and prices have been on the rise this year. Demand in India and China are expected to keep that momentum going throughout the remainder of 2011.
Diamond Investing Strategies
The diamond market is raging back to life on the back of robust demand from China and India. In the west, diamond sales are rebounding since the economic collapse. Investing in the diamond market may seem challenging as many of the most power mining firms are privately owned. However, there are ways to enter into this lucrative market.
Diamond Miners Ramp Up Production
Helped by increased demand in 2010 for luxury goods after a abysmal year in 2009. The increased revenues from rising diamond prices and demand, many companies are increasing production. Alrosa mulls over an IPO by the end of 2011 worth upwards of $2 billion.
Petra Diamonds H1 output falls 5.3 pct
Reuters.com reports that Petra Diamonds (LON:PDL) expects to meet production targets, despite declines.
Diamonds Sparkle
Investors Chronicle.com reports that there is an expectation that diamond prices will continue to be strong, and that there is great promise for a number of companies, including Petra Diamonds (LON:PDL), in 2011.
Signs Diamond Market is Headed Towards Recovery
Ahead of the JCK Jewelry Show in Las Vegas, new US sales and demand numbers look promising. Imports of both rough and polished stones rose, as well as increased sales numbers from Tiffany & Co. Also, a wrap up of news from diamond mining companies, including the deal between Petra Diamonds and De Beers.
