Petra announces the results of Tender 4 of FY 2023, at which 505,398 carats were sold for a total of US$72.1 million from Petra’s South African operations.
This cycle includes a US$7 million Exceptional Stone2 from the Cullinan Mine and US$4.3 million of Finsch diamonds sold during H1 FY 2023, both of which were reported in our Interim Results announcement during February 2023. No sales for Williamson were recorded in this cycle given the operations at the mine are still suspended.
[A DIAMOND LOUPE EXCLUSIVE STORY] - It was only just last September that Canadian mining company Arctic Canadian (AC) announced the recovery of a yellow diamond weighing an impressive 71.26 carats. The rough octahedron gem is currently the largest known fancy vivid yellow diamond ever discovered in Canada.
After a 3-year pause due to Covid-19, Israel International Diamond Week is finally back, launching its next edition from March 27 – 30, 2023. The event will feature a much-anticipated tender of polished goods held at the Israel Diamond Exchange’s International Tender Center. The tender will be conducted by Diagurus from March 26 – 30, 2023.
Petra announces the results of Tender 3 of FY 2023, at which 305,366 carats were sold for a total of US$42.3 million across Petra’s mining operations.
“Petra’s third tender for FY 2023 saw a 2.2% increase in like-for-like prices on Tender 2 FY 2023, reversing the downward trend observed in the previous two tenders. Although it is still too early to speculate on whether rough diamond prices have bottomed out, we are very satisfied with the overall result, “said Richard Duffy, CEO of Petra.
Petra Diamonds Ltd on Thursday said it increased its diamond sales in the second tender for the financial year, but the average price per carat fell. The diamond mining company with operations in South Africa and Tanzania said its diamond sales in its second tender that ended November was GBP61.3 million, trebling from USD21.5 million during its second tender in October 2021 of its financial year 2022 that ended June 30.
Lucapa Diamond Company Limited has announced earlier this week that seven exceptional diamonds achieved USD $20.4 million on international diamond tender. The international diamond tender was conducted by SODIAM E.P. in Luanda, Angola and featured seven special sized diamonds weighing 767 carats. The diamonds were recovered by SML from the Lulo alluvial mine. Most notably, “The Lulo Rose”, a 170-carat fancy coloured diamond was among the stones up for tender, along with three +100 carat white Type IIa diamonds and three other special sized white Type IIa stones.
SODIAM, the State-owned company responsible for marketing Angola’s diamond mining output has announced that they will hold a tender in Luanda. Viewings are scheduled to take place between 24 October and 14 November 2022 at SODIAM’s office and the bid submission - electronically only - will end on 15 November 2022 at 10:00 a.m. Luanda time.
The sale is exclusively targeting SODIAM-registered customers that have a proven expertise in large stones, as the tendered lots will include a total of (43) single stones:
Australia-based Newfield Resources, concluded its maiden sale of 5333ct rough produced in the miner’s Sierra Leone Tongo mine, via Antwerp tender specialist Bonas Group successfully, with total revenues amounting to US$1.44m. Strong demand pushed prices for the 15 trial sale lots to an average of US$269/ct, well over Newfields estimation of US$222/ct. Newfield will conduct more sales this year as the company starts production at two of the five identified kimberlites on the Tongo mining leases.
First Element reports extremely strong results from their Antwerp sale of Jagersfontein Developments and Rooipoort Developments production which closed on Monday (23rd May) at the Antwerp Tender Facility. 100% of the parcels on offer were sold with increases in prices seen across all categories, especially in the smaller goods. There were 112 companies who placed bids with 62 of them being successful. “It appears that the diamond market has recovered exceptionally well after the uncertainty seen in recent weeks.
Petra Diamonds announced the results of their Tender cycle 5 of fiscal year 2022. They sold 635,806 carats for a total of US$86.1 million. Prices decreased by 23.7% compared to Tender 4 (March 2022) but were up 3.2% on Tender 3 (December 2021).
The tender included a 13.74 ct blue Exceptional Stone for the Cullinan mine. The stone was sold into a partnership with Stargems for US$ 5.7 million, with Petra retaining a 50% interest in the profits.
Russian miner ALROSA announced its preliminary rough and polished sales results for January totaled $325 million. Rough diamond sales equaled $315 million and polished sales $10 million.
Mountain Province announced the results of their first diamond sale of the year in Antwerp. The company sold 181,851 carats of diamonds recovered from the Gahcho Kué mine for total proceeds of US$25 million. This results in an average value of US$137 per carat for the Antwerp tender, which is 84% higher than the average price per carat of all diamonds sold in 2020.