The discovery of a 507 carat white diamond has proved to be encouraging news, not just for Petra Diamond which discovered the gem, but for the industry as a whole. Improving demand and positive announcements have had Canadian diamond juniors brushing themselves off from last year's crash. The sparkle is back in the investors eye.
Continue reading "Diamond Sparkles: Juniors Jump"
Wednesday, July 8, 2009
Petra Diamonds Limited, the international diamond mining group, declared the following sales and output trading update for the year ended 30 June 2009 ahead of the publication of its results during September 2009. For full story, click here
Continue reading "Petra Diamonds is providing Trading Updates"
Tuesday, July 7, 2009
Petra Diamonds Ltd. declared that its annual output jumped above 1 million carats, but the African diamond producer added that revenue dipped and trading conditions remained challenging. For full story, click here
Continue reading "Petra Diamonds FY Output jumped, Trade Challenging"
Wednesday, May 13, 2009
Some of the blues has been taken out of the stricken diamond industry as a result of up-and-coming London Aim-listed Petra Diamonds managing to sell a stunning blue diamond from the Cullinan mine outside Pretoria for a record $9,4-million, the highest auction price ever for a fancy vivid blue. For full story, click here
Tuesday, April 14, 2009
Petra Diamonds, the AIM-listed mid-tier diamond exploration, development and production with all of its operations in southern Africa announced that three of its senior directors had agreed to acquire about 4.1 million shares in Petra from BHP Billiton. For full story, click here
Continue reading "Petra Diamonds agreed to acquire about 4.1 million shares"
Tuesday, March 31, 2009
Petra Diamonds Ltd., a miner of the gems in Africa announced its plans to sell its first cut and polished stone at Sotheby’s in an auction that it estimates will fetch as much as $8.5 million. For full story, click here
Continue reading "Petra Diamonds may get $8.5 million at Sotheby"
Thursday, February 26, 2009
In 2008, as the bleak economic outlook deepened, there were significant repercussions for the diamond industry. Early on in the downswing it seemed that the industry would withstand the economic current. However, under close examination it was apparent that a storm was brewing.
Continue reading "Emotions play into diamond market"
Monday, February 23, 2009
Petra Diamonds Ltd announced on Monday it is not planning any major production cuts in response to due to decline in demand and prices of gems. For more information, click here
Continue reading "Petra Diamonds not planning for major production cuts"
Wednesday, February 18, 2009
The government was in discussions with Petra on increasing production at the mine to 500,000 carats a year from 200,000 carats, and eventually to 1 million carats a year. For full story, click here
Continue reading "Govt’s talks with Petra to increase production"
Wednesday, February 18, 2009
AIM-listed miner Petra Diamonds can keep the 75 percent stake in Tanzania’s Williamson diamond mine it bought in 2008, the east African country’s energy and minerals minister said on Wednesday. For full story, click here
Continue reading "Tanzania says Petra can keep stake in diamond mine"
For upcoming diamond investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
The Diamond Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
DiamondInvestingNews.com maintains a focus on Diamond exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Thursday, October 1, 2009