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Petra expects two-month import moratorium to help balance diamond market, prices

Petra expects two-month import moratorium to help balance diamond market, prices
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Petra confident of medium-, long-term lift in market

Petra confident of medium-, long-term lift in market
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Demand at Petra s first 2024 financial year tender muted, but expected to pick

Demand at Petra s first 2024 financial year tender muted, but expected to pick
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Five-year South African diamond prospecting licence awarded

London Aim- and Botswana-listed diamond exploration company Botswana Diamonds has been granted a five-year prospecting licence on ground containing a cluster of kimberlites in South Africa. Involved is the Reivilo cluster of three kimberlite pipes, with sizes of 3.1 ha, 1.7 ha and 0.9 ha, all within a 250-m radius.

Petra posts lower average prices, sales in fifth sales cycle

In its fifth tender for the 2023 financial year, London-listed Petra Diamonds has generated $42.1-million from the sale of 468 800 ct. CEO Richard Duffy says the lower sales in the fifth cycle represent a softening in the market following stronger sales in the fourth tender cycle, which closed in March.

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