Petra Diamonds Limited is a leading independent diamond producer whose shares trade on the OTC market under the symbol PDMDF. Established in London in the late 1990s, the company has grown through the acquisition and revitalization of mature diamond mines, building a diversified portfolio of assets renowned for their high-quality gemstones. Over the years, Petra has developed a reputation for uncovering some of the world’s most valuable diamonds, blending modern extraction techniques with traditional mining expertise.
Petra’s core operations are concentrated in southern Africa, with four principal mines in South Africa and one in Tanzania. The flagship Cullinan mine, known for yielding the world’s largest gem-quality diamond, serves as the cornerstone of the group’s production. Complementing this asset are the Finsch and Koffiefontein mines in South Africa, each acclaimed for producing consistently high-quality rough diamonds. In Tanzania, Petra operates the Williamson mine, a historic producer of gem-size diamonds that continues to deliver strong performance.
The company primarily focuses on the recovery, sorting and sale of rough diamonds through regular tender processes and auctions, supplying to major cutting centers and leading players in the global jewelry market. Petra’s product suite spans a diverse range of sizes and qualities, catering to both investment-grade collectors and commercial jewelry manufacturers. The firm places emphasis on stringent quality control and ethical sourcing, adhering to international standards that underscore its commitment to responsible mining.
Petra Diamonds is led by a seasoned management team headed by Chief Executive Officer Richard Duffy, supported by executives with extensive expertise in mining, finance and marketing. The board of directors combines international industry experience with local knowledge, guiding strategic initiatives focused on operational efficiency, sustainability and community engagement. Through continued exploration, expansion and optimization of its asset base, Petra aims to sustain its position among the world’s foremost diamond producers.
AI Generated. May Contain Errors.
