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Petra Diamonds

Demand for Southern African diamonds increases as Russian stones banned
National
/ 7 June 2022

Demand for Southern African diamonds increases as Russian stones banned

Diamond miners are seeing increased demand for their gems but are scared they might not be able to keep up with the demand

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Article
/ 8 October 2007

De Beers sees 14,7-milllion carats in 2007

South Africa’s unit of the world’s top diamond producer De Beers said on Monday it expects to produce 14,7-million carats in 2007, and saw a decline in output of 2-million carats in 2008. ”Very soon we will level at 12-million carats into the future,” said David Noko, managing director of De Beers Consolidated Mines.

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Article
/ 14 September 2007

Petra aims for 120 000-carat output at Kimberley

London-listed Petra Diamonds aims to reopen South Africa’s Kimberley underground mine in six to 12 months and restore output to 120 000-carats per year, the firm’s chief executive, Johan Dippenaar, said on Friday. The firm would invest about R100-million per year in Kimberley, which it agreed to buy for R78,5-million from De Beers.

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Article
/ 13 September 2007

De Beers sells underground Kimberley operations

The world’s biggest diamond mining group, De Beers, has agreed to sell its loss-making Kimberley underground mines to Petra Diamonds and its black partners, De Beers said on Thursday. De Beers said in a statement details of the transaction, including the financial settlement and output figures for the underground mine, would be given at a media briefing on Friday.

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