Petra Recovers 76 Carat Diamond

Petra Diamonds Limited yesterday announced the recovery of a 76 carat diamond from the Sedibeng mine in South Africa. The stone is expected to sell for approximately $500,000.

Adonis Pouroulis, Chairman of Petra, commented, "We are delighted to announce the production of this exceptional stone. The Sedibeng mine has consistently produced high-quality diamonds and recoveries of such special stones combined with the growth in total carat production means that the South African operations will continue to generate increasing revenues for the group."

The same mining complex produced several large stones last year: a 57 carat stone that sold for $489,000 and a 42 carat stone that sold for $282,000.

Petra has operations in Angola, South Africa and Sierra Leone.

Source material reprinted with permission from IDEX Magazine (http://www.idexonline.com/).