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Petra Diamonds

Petra Diamonds is a leading independent diamond mining company focused on the production of rough diamonds from open-pit and underground operations. The company is headquartered in Jersey, Channel Islands, and operates primarily in South Africa and Tanzania. Petra Diamonds is listed on the London Stock Exchange and the Johannesburg Stock Exchange. Its core assets include the Cullinan, Finsch and Koffiefontein mines in South Africa, as well as the Williamson mine in Tanzania. The Cullinan mine is particularly notable as the source of some of the world's most famous large diamonds, including the 3 106-carat Cullinan Diamond discovered in 1905. Petra Diamonds produces a range of diamond sizes and qualities, from industrial-grade stones to high-value gem-quality diamonds. The company employs several thousand people across its operations and has a significant economic footprint in the regions where it operates. Petra Diamonds has faced financial challenges in recent years, including debt restructuring and operational optimisation efforts. The company was founded in 1997 and has grown through acquisitions and the development of historic mining assets, establishing itself as a significant player in the global diamond industry.

Petra Diamonds News


Petra's Finsch mine
Petra to assess possible asset sale as part of strategic review
1st October 2026 By: Creamer Media Reporter

London-listed Petra Diamonds has, following consultation with certain key stakeholders, including its first and second lien creditors, decided to undertake a strategic review, which will include... 


Early works at South Crofty
Cornish appoints former Petra CEO as dedicated South Crofty project MD
14th September 2026 By: Marleny Arnoldi

Aim-listed Cornish Metals has appointed Juan Kemp MD of the South Crofty tin project, in Cornwall, effective immediately. He will lead the project's operational delivery, including mining,... 


South Africa’s alluvial diamond wealth
The Destruction of the South African Diamond Industry
1st September 2026

By: Lyndon de Meillon  South Africa’s Historical Role in the Diamond Industry 


An image of small diamonds
South Africa’s small-scale, junior diamond sector faced with many headwinds
31st August 2026 By: Tasneem Bulbulia

South Africa has long been a significant force in the global diamond industry; however, it has faced regulatory and logistics headwinds which are placing pressure especially on the small and junior... 


The Cullinan diamond mine
Petra notes constrained revenue generation as corporate restructuring continues
28th July 2026 By: Lumkile Nkomfe

London-listed Petra Diamonds has reported that its revenue for the fourth quarter of the 2026 financial year amounted to $38-million, marking a sharp decline from the $68-million in the third... 


De Beers CEO Al Cook
De Beers to pause Venetia production amid portfolio, organisational changes
13th July 2026 By: Sabrina Jardim

Diamond miner De Beers Group has, consistent with recent actions to improve business resilience, decided to pause production at its Venetia mine, in South Africa, for two years to reduce costs... 


An image of the Cullinan diamond mine
NUM warns of 1 700 job loss risk as Petra’s mines enter business rescue
15th June 2026 By: Tasneem Bulbulia

Trade union the National Union of Mineworkers (NUM) has condemned the decision by London-listed Petra Diamonds to place the Finch diamond mine in Kimberley under business rescue and to issue a... 


The Finsch mine
BRPs take custodianship of Petra's Finsch mine
10th June 2026 By: Creamer Media Reporter

Business rescue practitioners (BRPs) Daniel Theodorus van Jaarsveld and Luke Bernard Saffy have taken over the custodianship of London-listed Petra Diamonds' Finsch mine, in South Africa, and will... 


The Finsch diamond mine
Petra places Finsch mine in business rescue, takes further steps to cut costs
29th May 2026 By: Creamer Media Reporter

Amid continued weakness in the diamond market, London-listed Petra Diamonds has decided to place its Finsch mine, in South Africa, in business rescue in order to protect the overall business. CEO... 


An image of the Finsch mine
Petra mulls options for Finsch mine amid cost pressures, suspends production guidance at Cullinan
8th May 2026 By: Tasneem Bulbulia

London-listed Petra Diamonds has embarked on an immediate cost and capital expenditure (capex) reduction assessment to preserve liquidity across the group and is considering suspending further... 


Jacques Breytenbach
Tharisa appoints CFO designate
22nd April 2026 By: Creamer Media Reporter

Johannesburg- and London-listed integrated resource group Tharisa has appointed former Petra Diamonds CFO Jacques Breytenbach as CFO designate, with effect from May 1. He will succeed Michael... 


Petra Diamonds joint CEOs Juan Kemp and Vivek Gadodia
Petra revises pricing assumptions amid Middle East conflict
1st April 2026 By: Sabrina Jardim

London-listed Petra Diamonds sold 781 797 ct of diamonds during the quarter ended March 31 – the third quarter of its 2026 financial year. Revenue for the quarter was $68-million, compared with... 


Petra reports lower revenue amid tenders
Petra reports lower revenue amid tenders
27th February 2026 By: Sabrina Jardim

London-listed Petra Diamonds has reported revenue of $100-million for the six months ended December 31, 2025, compared with the revenue of $115-million reported for the six months ended December... 


Sibanye-Stillwater’s K4 Marikana shaft.
More renewable energy secured for Sibanye-Stillwater's South African mines
6th February 2026 By: Martin Creamer

Precious and green metals mining company Sibanye-Stillwater has concluded a flexible renewable energy power purchase agreement (PPA) with energy trader Etana Energy, involving the supply of 220 MW... 


The big blue Cullinan diamond.
South Africa’s illustrious Cullinan diamond mine doing it again with big blue
6th February 2026 By: Martin Creamer

The illustrious Cullinan diamond mine, flagship of London-listed Petra Diamonds, is not only famous for hosting the largest gem diamond but a flurry of reports is now affording sky-high status to... 


The big blue Cullinan diamond.
South Africa’s illustrious Cullinan diamond mine doing it again with big blue
19th January 2026 By: Martin Creamer

The illustrious Cullinan diamond mine, flagship of London-listed Petra Diamonds, is not only famous for hosting the largest gem diamond but a flurry of reports is now affording sky-high status to... 


Cullinan mine
Petra recovers 41.82 ct blue diamond at Cullinan
13th January 2026 By: Sabrina Jardim

London-listed Petra Diamonds has recovered a 41.82 ct Type IIb blue diamond of seemingly exceptional quality in terms of both its colour and clarity at the Cullinan mine, in South Africa. The... 


Petra Diamonds joint CEOs Juan Kemp and Vivek Gadodia
Petra announces permanent appointment of joint CEOs, director changes
28th November 2025 By: Marleny Arnoldi

London-listed Petra Diamonds has announced a series of board appointments following its AGM on November 27, including that of Vivek Gadodia and Juan Kemp as permanent joint CEOs of the company.... 


Mineworkers on site
Responsible mining, efficiency key for miner
28th November 2025 By: Devina Haripersad

Balancing responsible mining with operational efficiency is a defining theme across Africa’s resource sector, and for diamond miner Petra Diamonds, that balance is central to long-term strategy,... 


Rosond announces the appointment of Dr. Adwoa Boaduo as Head of Safety
Rosond announces the appointment of Dr. Adwoa Boaduo as Head of Safety
18th November 2025

(Virtual Showroom) Leading drilling and exploration specialist Rosond is pleased to announce the appointment of Dr. Adwoa Boaduo as Group Head of Safety, effective November 2025. A seasoned... 


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pqt: 0.087s - ct: 0.18s - 275pq - 2rq
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