Special Tender of Exceptional 20.08ct Blue Diamond

RNS Number : 8698O

Petra Diamonds Limited

07 October 2019

 

7 October 2019

Petra Diamonds Limited

("Petra" or the "Company")

Announcement of Special Tender of Exceptional 20.08ct Blue Diamond

Petra Diamonds Limited announces a special tender of the exceptional 20.08 carat blue diamond recovered from the Cullinan mine in South Africa in September 2019. Viewings will take place from Friday 1 - Thursday 7 November 2019 at Petra's diamond marketing offices in Johannesburg.

Appointments to view the stone can be made by contacting either of the following:

Greg Stephenson, Group Head of Sales and Marketing

Tel: [phone]

Email: [e-mail]

Stephanie Hulett, Sales and Marketing

Tel: [phone]

Email: [e-mail]

The tender will then follow from Friday 8 - Friday 15 November 2019 at the Diamond Exchange and Export Centre ("DEEC"). Viewing of the stone during this period will be facilitated by the DEEC and bookings can be made by contacting them directly on [phone].

The tender will close on Friday 15 November 2019 at 12:00pm.

Photos of the diamond can be viewed on the Company's website: https://www.petradiamonds.com/media/image-library/diamonds/

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For further information, please contact:

Petra Diamonds, London                                         Telephone: [phone]

Cathy Malins

Des Kilalea     

Marianna Bowes                                                         [e-mail]

Buchanan                                                                  Telephone: [phone]

(PR Adviser)

Bobby Morse

Ariadna Peretz                                                            [e-mail]    

 

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and a consistent supplier of gem quality rough diamonds to the international market. The Company has a diversified portfolio incorporating interests in three underground producing mines in South Africa (Finsch, Cullinan and Koffiefontein) and one open pit producing mine in Tanzania (Williamson). Petra also conducts a limited exploration programme in Botswana and South Africa.

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 of ca. 250 million carats, which supports the potential for long-life operations.

Petra conducts all operations according to the highest ethical standards and will only operate 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 is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL' and is a constituent of the FTSE4Good Index. The Company's US$650 million loan notes due in 2022 are listed on the Global Exchange market of the Irish Stock Exchange. For more information, visit www.petradiamonds.com.

 

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