Petra anticipates diamond prices will stabilize by the end of 2024, with further improvements expected in 2025, as the company focuses on cost cuts and traceability technology.
Petra Diamonds
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Petra Diamonds’ Cullinan Diamond Mine recycled 940 kg of gumboots into eco-friendly shoes, donating 100 pairs to learners at Leeuwfontein Primary Farm School.
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Petra Diamonds delays South African diamond sale amid weak market demand.
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Petra Diamonds and UASA finalize a five-year wage agreement for the Cullinan mine, ensuring wage increases, improved benefits, and enhanced working conditions for miners.
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Petra Diamonds predicts a modest recovery in diamond prices for 2025, supported by strong market fundamentals and strategic planning.
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Petra Diamonds’ revenue increased to $366 million in FY24, despite lower average diamond prices and market challenges.
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Petra Diamonds is cutting production targets and implementing cost-saving measures in response to a challenging diamond market. The company aims to navigate these tough times with strategic adjustments.
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Petra Diamonds and NUM sign a five-year wage agreement covering South African operations, ensuring stability and fair wages for workers.
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Explore how Petra Diamonds is leading the way in diamond traceability with new technologies that ensure each diamond’s journey from mine to market is transparent and verifiable, boosting consumer trust and sustainability in the industry.
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Exploration & DevelopmentFuture of MiningNews
Petra’s Exceptional Blue Cullinan Diamond Boosts Tender Prices
Petra Diamonds has experienced a surge in tender prices, propelled by the remarkable discovery of the Blue Cullinan diamond, signaling renewed optimism…