REG-Petra Diamonds Limited: Recovery of 41.82 carat Type IIb blue diamond at Cullinan Mine

Petra DiamondsAnnouncement

Today 07:02

FOR IMMEDIATE RELEASE.

     
     

 

 

 

 13 January 2025    
 LSE: PDL           

 

Petra Diamonds Limited

("Petra", "the Company" or "the Group")

 

Recovery of 41.82 carat Type IIb blue diamond at Cullinan Mine

 

 

Petra Diamonds Limited                     is pleased to announce that it has
recovered a 41.82 carat Type IIb blue diamond of seemingly exceptional quality
in terms of both its colour and clarity at the Cullinan Mine in              
      South Africa.

 

The Company is in the process of analysing the stone and ascertaining the
preferred method of the sale of this stone. Further announcements with regards
to the marketing of this stone will be made in due course.

 

The Cullinan Mine is known for the recovery of very rare and highly valuable
blue diamonds. Further information on the heritage of the Cullinan mine and
its diamonds can be found at:
https://www.petradiamonds.com/our-business/our-operations/cullinan-mine/

 

The information communicated in this announcement is inside information for
the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ("MAR"), and is disclosed in accordance with the Company's obligations
under Article 17 of MAR. Upon the publication of this announcement via a
Regulatory Information Service, this inside information will be considered to
be in the public domain. The person responsible for arranging for the release
of this announcement on behalf of the Company is Robin Storey, General Counsel
& Company Secretary.

 

 

For further information, please contact:

 

 

Petra Diamonds, London

Julia Stone

Kelsey Traynor

Telephone: +44 (0)7495470187

investorrelations@petradiamonds.com

 

 

 

 

About Petra Diamonds Limited

 

Petra Diamonds                     is a leading independent diamond mining
group and a supplier of gem quality rough diamonds to the international
market. The Company's portfolio incorporates interests in two underground
mines in                     South Africa                     (Cullinan Mine
and Finsch).

 

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
which supports the potential for long-life operations.

 

Petra strives to conduct all operations according to the highest ethical
standards and only operates 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.

 

Petra's Ordinary Shares are admitted to the equity shares (commercial
companies) category of the FCA's Official List and are admitted to trading on
the Main Market of the                     London Stock Exchange            
        under the ticker "PDL". The Company's loan notes, due in 2026, are
listed on Euronext Dublin (Irish Stock Exchange). For more information, visit 
                                          www.petradiamonds.com              
                .

 

 

 

 

 



Copyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved