{"id":6310,"date":"2011-12-21T12:37:20","date_gmt":"2011-12-21T10:37:20","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/update-2-petra-sells-blue-diamond-for-record-1-45-mln\/"},"modified":"2011-12-21T12:37:20","modified_gmt":"2011-12-21T10:37:20","slug":"update-2-petra-sells-blue-diamond-for-record-1-45-mln","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-petra-sells-blue-diamond-for-record-1-45-mln\/","title":{"rendered":"UPDATE 2-Petra sells blue diamond for record $1.45 mln"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Sells 4.8 carat diamond for $300,000 per carat<\/span><\/p>\n

<\/span><\/p>\n

* Highest price achieved per carat for any rough diamond<\/p>\n

<\/span><\/p>\n

* Shares up 2.1 pct in debut on London’s main market<\/p>\n

<\/span><\/p>\n

LONDON, Dec 21 (Reuters) – Petra Diamonds Ltd
\nhas sold a 4.8 carat blue diamond for $1.45 million, the highest
\namount it has achieved per carat for any uncut diamond, the
\ncompany said on Wednesday, as it moved up to London’s main stock
\nmarket.<\/p>\n

<\/span><\/p>\n

The blue diamond, sold in the most recent tender in early
\nDecember at over $300,000 per carat, was produced from South
\nAfrica’s famous Cullinan mine.<\/p>\n

<\/span><\/p>\n

The Cullinan Diamond, set in the Crown Jewels worn by
\nBritish monarchs, was discovered there in 1905 and the mine is
\nthe world’s only significant source of rare and highly valuable
\nblue diamonds.<\/p>\n

<\/span><\/p>\n

The company said it was confident the price paid per carat
\nwas one of the highest ever for a rough diamond.<\/p>\n

<\/span><\/p>\n

Petra started trading on the main market on Wednesday after
\nmoving up from the junior AIM market. The African-focused
\ndiamond producer hopes to be included in the FTSE 250 index
\n next March.<\/p>\n

<\/span><\/p>\n

In its prospectus released on Dec. 15, the company said
\nrough diamond prices from July to Dec. 13 had resulted in its
\ngross revenue, over the same period, falling about $23.0 million
\nlower than the company’s expectations.<\/p>\n

<\/span><\/p>\n

“In the short term, global economic uncertainty may continue
\nto cause some volatility in rough diamond pricing, but it should
\nbe noted that demand from Asia and other emerging markets is
\ncontinuing to grow strongly and is lessening the reliance on the
\nmajor U.S. market,” it said.<\/p>\n

<\/span><\/p>\n

Shares in Petra were up 1.8 percent at 0905 GMT,
\noutperforming a 0.8 percent gain in a British mining index
\n.<\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Sells 4.8 carat diamond for $300,000 per carat * Highest price achieved per carat for any rough diamond * Shares up 2.1 pct in debut on London’s main market LONDON, Dec 21 (Reuters) – Petra Diamonds Ltd has sold a 4.8 carat blue diamond for $1.45 million, the highest amount it has achieved per […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6310","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6310"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6310\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}