Petra Diamonds has halted production at its Williamson mine in Tanzania for at least three months following a wall breach.The pause will give the company time to build a new tailings storage facility that was already under construction before last week’s incident at the site. The new facility...
Petra Diamonds has suspended all mining at its Williamson deposit in Tanzania pending an investigation into a burst wall at its tailings facility that resulted in a flood.The eastern wall of a storage facility where the company keeps ore that has already been processed gave way Monday morning,...
The Williamson Pink Star diamond has become the second-most valuable jewel ever sold at auction, following a ‘bidding frenzy’ at Sotheby’s Hong Kong.After a 20-minute battle, which included 50 bids, the cushion-cut, 11.15-carat, fancy-vivid pink, internally flawless diamond ring sold for $57.7...
The Williamson Pink Star – one of the world’s most impressive fancy colour diamonds – will go under the hammer at Sotheby’s Hong Kong in October.
Petra Diamonds’ sales surged in the past fiscal year as the company benefited from stronger rough demand and the resumption of production at its Williamson mine in Tanzania.Revenue jumped 44% to $584.1 million for the 12 months ending June 30, the miner reported Tuesday. Prices climbed 42% on a...
Petra Diamonds will invest $289 million to expand its two main mines in South Africa, each of which is expected to yield an additional 30% in revenue.The project at the company’s Cullinan mine will cost approximately $173 million and will extend the life of the mine until 2031, while its outlay...
Petra Diamonds’ revenue jumped in the first fiscal half as rough prices rose and the company sold a number of large and colored stones.Sales climbed 49% year on year to $264.7 million for the six months ending December 31, the company said Tuesday. The growth came even as sales volume fell to...
Manufacturer Diacore has purchased a rough pink diamond weighing 32.32 carats for $13.8 million.The stone originated from Petra Diamonds’ Williamson mine in Tanzania, Diacore said last week. It was among the goods Petra offered at its first tender of Williamson rough since the resumption of...
Manufacturer Diacore has purchased a rough pink diamond weighing 32.32 carats for $13.8 million.The stone originated from Petra Diamonds’ Williamson mine in Tanzania, Diacore said last week. It was among the goods Petra offered at its first tender of Williamson rough since the resumption of...