Petra Diamonds
Limited
(AIM: PDL)
Record Diamond Sale
Petra Diamonds
Limited ("Petra" or "the
Company") announces the sale of an exceptional 99.43 carat diamond, recently produced from the
Company's Sedibeng mine, South Africa. The stone has been sold for US$1,305,009 (equivalent to US$13,125 per
carat).
In September 2007 the
Company announced the sale of a 74.7 carat stone (produced from the Koffiefontein mine) for US$1,012,636 (US$13,556 per carat), which was the first
ever diamond produced by Petra
that sold for more than US$1 million. This 99.43 carat stone is now the most valuable stone produced in Petra's history and a
photo of the remarkable diamond can be viewed below:
Petra also announces the sale of another exceptional stone from Koffiefontein. A 51.88 carat stone was recently sold for
US$780,580, equivalent to US$15,046 per carat. This is an outstanding value per
carat for a kimberlite mine and stands as testimony
to the quality of stones being produced from Koffiefontein.
Adonis Pouroulis, Chairman of Petra, commented; "To sell the most valuable diamond
ever in Petra's
history is a very fitting end to what has been a remarkable year for the group.
Given all the very positive developments of 2007, and indeed the last few weeks
with the acquisition of the Cullinan diamond mine, I
look forward to our prospects for 2008 with great confidence."
A trading update for
the period to 31 December 2007 will be published on 24 January 2008, when the
Company will hold its AGM.
For further information, please contact:
Cathy Malins
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Telephone: +44 (0) 20 7493 7671
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Petra Diamonds, London
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Justine
Howarth / Louise Goodeve
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Telephone: +44 (0) 20 7851 7480
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Parkgreen Communications, London
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Adrian Hadden
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Telephone: +44 (0) 20 7523 8000
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Collins Stewart, London
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Visit Petra Diamonds at www.petradiamonds.com
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