Tuesday, August 4, 2020

Dimanate sponsor Petra for sale due to corona crisis

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The mines for diamond mining are currently idle, the industry is in crisis.
Picture: AFP

Luxury goods are less in demand in the Corona crisis. This also affects diamond miners, mines are dormant. The Petra Diamonds group is now even for sale.

NThe diamond company Petra Diamonds usually caused a sensation with the discovery of exceptional blue diamonds. Most recently, he brought out a 20-carat gem from the legendary Cullinan mine in September. A short time later, the rough diamond was sold to an anonymous buyer for $ 15 million.

Since the end of last week, however, the mining group listed in London has not only been looking for buyers for diamonds, it has also offered itself for sale. One is looking for bidders for the whole company or parts of it, it said in a message. This includes mines in South Africa and Tanzania, which Petra had once taken over from De Beers. The world’s largest rough diamond was found in the Cullinan mine 115 years ago. The diamonds cut from it sparkle in the British crown jewels.

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