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Article: Petra Diamonds

Petra Diamonds

Petra Diamonds

  • Petra Diamonds was founded in 1997 by Adonis Pouroulis.
  • It was listed on the Alternative Investment Market in 1997 and transferred to the Main Market in December 2011.
  • Petra Diamonds operates in Africa, with three producing diamond mines in South Africa (Cullinan, Finsch, Koffiefontein) and the Williamson Mine in Tanzania.
  • The company acquired the Cullinan diamond mine from De Beers in 2008, the Koffiefontein mine from De Beers in 2007, and the Williamson Mine in Tanzania from De Beers in 2009.
  • The Cullinan mine is renowned for producing large and famous diamonds, while the Koffiefontein mine is one of the world's top diamond mines by average value per carat.
  • Petra's entry into the Williamson Mine was seen as an opportunity to revitalize Tanzania's diamond mining sector.

Diamond Mining

  • Diamond mining involves extracting diamonds from the earth's surface.
  • The process includes exploration, mining, sorting, and cutting.
  • Diamond mines can be open-pit or underground.
  • The mining industry plays a significant role in the global economy.
  • Diamond mining requires advanced technology and skilled labor.

Diamond Production

  • Global diamond production reached 142.3 million carats in 2019.
  • Russia is the largest diamond producer, followed by Botswana and Canada.
  • The diamond industry generates billions of dollars in revenue annually.
  • The majority of diamonds are used for jewelry, but they also have industrial applications.
  • Diamond production is influenced by factors such as market demand and mining regulations.

Diamond Characteristics

  • Diamonds are the hardest natural substance on Earth.
  • They are composed of carbon atoms arranged in a crystal lattice structure.
  • The 4Cs (carat, cut, clarity, and color) are used to evaluate diamond quality.
  • Diamonds come in various colors, including white, yellow, and pink.
  • Natural diamonds can take millions of years to form under high pressure and temperature.

Diamond Market

  • The diamond market is driven by consumer demand for luxury goods.
  • The United States is the largest consumer market for diamonds.
  • Online diamond sales have been growing in recent years.
  • The diamond industry faces challenges, such as ethical sourcing and synthetic diamonds.
  • The market value of diamonds can fluctuate based on economic factors and trends.

Petra Diamonds Data Sources

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