Recovery of 67 carat diamond

Petra Diamonds Ld
13 March 2006



                             Petra Diamonds Limited

                           67 Carat Diamond Recovered



Petra Diamonds Limited ('Petra'), the AIM-quoted and ASX-listed diamond mining
group, announces the recovery of a 67.1 carat diamond from its South Africa
operations. The diamond is of high quality and is expected, on sale, to realise
a significant value.


This stone is in addition to the 76 carat diamond recovered in November 2005
which was sold for US$465,000.


Johan Dippenaar, Petra's CEO, commented, 'We are delighted to announce the
recovery of another exceptional stone. Recoveries such as this, combined with
the production growth being achieved from the South African mines in an
environment of stringent cost control, give a sound platform for Petra's
operating results going forward. Whilst such recoveries cannot be guaranteed on
a regular basis, the improvements to the mining methods put in place over the
last six months increase our expectation of further such recoveries.'



Ends



For further information, please contact:


Petra Diamonds, South Africa        Parkgreen Communications, London
Johan Dippenaar / David Abery       Cathy Malins / Annabel Leather
Tel [phone]                 Tel [phone]



John Baillie, Perth                 Field PR, Adelaide
Tel [phone]                 Kevin Skinner
                                    Tel [phone], Mobile [phone]




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