The company has been restructuring its cost base while it also reported a 9% decline in like-for-like diamond prices for the ...

South Africa-active Petra Diamonds (Petra) has entered into an agreement to divest its entire shareholding in Tanzania’s Williamson Diamonds Limited (WDL) to Pink Diamonds Investments for up to ...

An agreement has been entered into for the outright sale of Williamson Diamonds Limited, Petra Diamonds announced on Wednesday. The London-listed and South Africa-active Petra is taking steps to sell ...

PETRA Diamonds would not make “silly decisions” regarding a new cost cutting programme warning of the “fatigue” on labour where jobs were shed in a previous restructuring exercise in April last year.

Petra Diamonds attributed the retrenchments to the diamond industry's longest downturn in over 30 years, primarily due to ...

PETRA Diamonds said on Wednesday it was to sell its remaining shares in Williamson mine in Tanzania for $16m although the deal comes with risk. Announcing the proposed transaction, the diamond miner ...

Despite the prevailing weakness in the market, Petra’s average prices have remained ... which closed in December, showed ongoing diamond price weakness at the end of calendar year 2024, but ...

Petra Diamonds reiterated full-year production guidance on Tuesday following a “solid” second-quarter performance, despite a dip in revenues.

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Petra Diamonds has issued retrenchment notices to some 200 workers from two of their operations in South Africa.