Petra Diamonds Puts Up for Sale as $650 Million Debt Looms

PETRA Diamonds said on Friday it would seek offers for the company after concluding a strategic review aimed at finding ways to repay $650m in debt. An option would be to sell certain assets in the group which largely consist of South African mines bought over the years from De Beers, including the famed Cullinan mine. The London-listed company said on Friday it had “… decided to seek offers for the company, or for parts of the business or assts of the Petra Diamonds group”. The strategic review was conducted with Rothschilds & Co, a bank.

The Sparkling Rise Of The Lab Grown Diamond

On a grey January morning in 2019 Meghan Markle emerged onto a London street on her way to a meeting. She wore a smart coat and heels, but it was not her clothing that caught the attention of the world. It was a pair of glittering drop earrings embedded with lab grown diamonds. It took…

Are Investing in Diamond Worth The Risk?

Why buy a diamond? It’s a question most would answer quite simply: as a symbol of love, either to a special person in one’s life or as a beautiful reward to oneself. In the pursuit for a purchase that encapsulates the emotion of love, a diamond is one tangible way to express intangible qualities, such…