GJ Town India

Sales 613,682 carats diamonds in the tender 5 & 6    Petra Diamonds announces its combined Tender 5 & 6 FY 2025 sales results, following the decision made in April to postpone the sale of its Cullinan Mine goods. In total for these diamonds’ tenders, 613,682 carats were sold for US$53 million, at an average price of $86 per carat, bringing year-to-date sales revenues to $239 million from the sale of 2,390,976 carats.     This total includes 84,479 carats sold for US$14 million from Williamson, since the last tender results. This is the final tender sale from the Williamson Mine under Petra's ownership following the completion of the sale of the asset in May 2025. Total revenue YTD FY 2025 from rough diamond sales is US$239 million, compared to US$329 million in the first six tenders of FY 2024. In light of ongoing market uncertainty and the product mix issue at Cullinan mine, as referred to in the 9 April 2025 announcement, the Company will continue t...

  Expect greater African cooperation & alignment of strategies    The Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, Angola, defended in Luanda for greater cooperation and alignment of strategies among African countries to revive global natural diamond prices on the international market.   Speaking at the opening of the ministerial roundtable on natural diamonds, the minister pointed out the need to launch unified global campaigns that position natural diamonds as an active force for good, regional cooperation, and the equitable development of mineral resources. "When consumers choose to buy natural diamonds, they should do so with the awareness that they are supporting real human transformation, financing classrooms, hospitals, and dreams across Africa," Azevedo said. He considered it essential to harmonize regional policies, creating fairer markets and promoting shared prosperity on the continent.    The minister noted that ...