“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

TaTe Diamonds - a Namibian diamond company specialized in Namibian rough

Armed with degrees in Economics and Commerce and an MBA - specialized in Strategic Planning & Business Development, taShi Shiimi-ya-Shiimi is an executive, possessing many years of global experience in Information Technology and Strategic Management...

27 april 2020

Petra on a roll, recovers another big stone at Cullinan

19 april 2019

Petra Diamonds has recovered a 209.9 carat D colour Type II gem quality diamond at its Cullinan diamond mine, in South Africa.
This was the third +100 carat Type II D colour gem quality diamond recovered from the mine since last month and the fourth such stone in the current financial year. 

   Image credit: Petra Diamonds

“[The] recovery again demonstrates the prevalence of these types of stones in the Cullinan orebody, with an improved incidence of large and high-value stones as the C-Cut Phase 1 block cave progresses across the footprint, and the ability of the mine’s plant to recover the full spectrum of diamonds,” said Petra.
The stone was expected to be sold during the fourth quarter ending 30 June 2019.
Meanwhile, Petra said that ‘The Legacy’, a 425 carat D colour Type II A diamond recovered from the Cullinan mine on 29 March, would be offered for sale during the course of the company’s next sales cycle in South Africa.
Petra had been desperate to recover big stones to boost its revenues and pay a swelling debt. 
Debts from the Cullinan mine were said to be around 65% of Petra’s overall $650 million in borrowing. 
The miner borrowed heavily to revamp the mine and began mining a new section of ore last July.   

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished