Business
Recovery of High Quality 39.34 carat Blue Diamond
Recovery of High Quality 39.34 carat Blue Diamond.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n \n \n \n \n 1 April\n 2021\n \n \n LSE: PDL\n \n \n \n Petra Diamonds Limited\n (\"Petra\" or the \"Company\" or the “Group”)\n Recovery of High Quality 39.34 carat Blue Diamond at the Cullinan Mine\n Petra Diamonds Limited is pleased to announce that it has recovered a 39.34 carat Type IIb blue diamond of exceptional quality in terms of both its colour and clarity at the Cullinan mine in South Africa.\n The Company anticipates that the diamond will be sold via a special tender.\n Photos of the blue diamond can be viewed at www.petradiamonds.com/media/image-library/diamonds and further information on the heritage of the Cullinan mine and its diamonds can be found at https://www.petradiamonds.com/about-us/our-heritage/.\n ~ Ends ~\n For further information, please contact:\n \n Petra Diamonds, London Telephone: +44 20 7494 8203\nMarianna Bowes [email protected]\nDes Kilalea\nJulia Stone\n About Petra Diamonds Limited\n Petra Diamonds is a leading independent diamond mining group and a consistent supplier of gem quality rough diamonds to the international market. The Company has a diversified portfolio incorporating interests in three underground producing mines in South Africa (Finsch, Cullinan and Koffiefontein) and one open pit mine in Tanzania (Williamson).\n Petra's strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability. The Group has a significant resource base of ca. 243 million carats, which supports the potential for long-life operations.\n Petra conducts all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. The Company aims to generate tangible value for each of its stakeholders, thereby contributing to the socio-economic development of its host countries and supporting long-term sustainable operations to the benefit of its employees, partners and communities.\n Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL'. The Company’s US$337 million loan notes due in 2026 will be listed on the Global Exchange market of the Irish Stock Exchange. For more information, visit www.petradiamonds.com.\n About the Cullinan Mine\n Located at the foo...