Prices Surge, says Petra, as it Announces $140m Rough Sales

March 08, 2022 / www.idexonline.com / Article Link

(IDEX Online) - Petra says like-for-like rough diamond prices rose by 46.5 per cent in the six months to December 2021 amid strong demand across all sizes and qualities.The UK-based miner today announced sales of $140.6m at Tender 4, an increase of almost 10 per cent on Tender 3. Last week it announced an interim figure for around 80 per cent of sales as it held Tender 4 in South Africa for the first time since the pandemic.Petra also provided figures showing per carat prices achieved form its three South African mines and one (Williamson) in Tanzania at Tender 4. Koffiefontein $856/ct; Williamson $369/ct; Cullinan $180/ct; Finsch $151/ct.Richard Duffy, chief executive of Petra, said: "Demand spanned the entire spectrum of rough assortments and sizes, with a notable increase in the price of larger stones - particularly the white D-colours, for which Cullinan is renowned, as well as fancy coloured diamonds.  "Whilst we believe this market reflects the structural change in underlying supply and demand dynamics, which we expect to continue in the medium term, it is too soon to determine what impact the current conflict in Ukraine will have on the global economy and the diamond market specifically."Further tenders are planned for April and June. Pic courtesy Petra, shows Koffiefontein mine

Recent News

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com

Gold stocks down in risk-on shift

December 08, 2025 / www.canadianminingreport.com

Gold stocks rocket on metal rebound and equities jump

December 01, 2025 / www.canadianminingreport.com

Silver supply shortage continues

December 01, 2025 / www.canadianminingreport.com

Several new entrants to TSXV large gold, including producer Asante

November 24, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok