Business
Update from Sale of Special Stones
Update from Sale of Special Stones.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n \nRNS Number : 4508V Petra Diamonds Limited 13 December 2013 \n\n \n \n\n\n\n\n13 December 2013\n\n\nLSE: PDL\n\n\n\n\n \n \nPetra Diamonds Limited\n(\"Petra\" or the \"Company\" or the \"Group\")\n \nUpdate from Sale of Special Stones \n \n \nFurther to Petra's IMS of 12 November 2013, when the Company reported that it had recovered two exceptional white stones of 126.4 carats and 91.5 carats, Petra announces that these stones were sold at Petra's December tender for US$8.52 million and US$3.78 million respectively. In addition to these two stones, Petra reports that it recorded solid prices at the December tender. \n \nThe Company will be publishing its Trading Update for the six months ended 31 December 2013 (\"H1 FY 2014\") on 28 January 2014, which will provide detailed production and sales analysis. \n \n \nJohan Dippenaar, Chief Executive Officer, commented:\n\"These solid prices achieved for the two special Cullinan stones as well as for the balance of Petra's recent tender are very encouraging and reaffirm Petra's view that firmer market conditions will continue into H2 FY 2014.\"\n \n \n~ Ends ~\n \n \nFor further information, please contact:\n \n\n\n\n\nPetra Diamonds\n(Corporate Communications)\n\n\nTelephone: +44 20 7494 8203\n\n\n\n\nCathy Malins \n\n\[email protected] \n\n\n\n\n \n\n\n\n\nBuchanan\n(PR Adviser)\n\n\nTelephone: +44 20 7466 5000\n\n\n\n\nCornelia Browne\nBobby Morse\nLouise Mason\n\n\[email protected] \[email protected] \[email protected]\n\n\n\n\n \n\n\n\n\nRBC Capital Markets\n(Joint Broker)\n\n\nTelephone: +44 20 7653 4000\n\n\n\n\nMatthew Coakes\nJonathan Hardy\n\n\[email protected]\[email protected]\n\n\n\n\n \n\n\n\n\nCanaccord Genuity Limited\n(Joint Broker)\n\n\nTelephone: +44 20 7523 8000\n\n\n\n\nRyan Gaffney\n\n\[email protected]\n\n\n\n\nChris Fincken\n\n\[email protected] \n\n\n\n\n \n \n \nAbout Petra Diamonds Limited\nPetra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in six producing mines: five in South Africa (Finsch, Cullinan, Koffiefontein, Kimberl...