TIDMPDL 
 
28 July 2021                                                             LSE: PDL 
 
                            Petra Diamonds Limited 
 
                   ("Petra" or the "Company" or the "Group") 
 
  Recovery of exceptional 342.92 carat Type IIa White Diamond at the Cullinan 
                                     Mine 
 
Petra Diamonds Limited is pleased to announce that it has recovered a 342.92 
carat Type IIa white diamond of exceptional quality in terms of both its colour 
and clarity at the Cullinan mine in South Africa. 
 
The diamond is likely to be sold via the Company's upcoming tender during 
September 2021. 
 
Photos of the diamond can be viewed at www.petradiamonds.com/media/ 
image-library/diamonds and further information on the heritage of the Cullinan 
mine and its diamonds can be found at https://www.petradiamonds.com/about-us/ 
our-heritage/ . 
 
 Ends 
 
For further information, please contact: 
 
Petra Diamonds, London                                         Telephone: +44 
20 7494 8203 
 
Marianna Bowes 
investorrelations@petradiamonds.com 
 
Des Kilalea 
 
Julia Stone 
 
About Petra Diamonds Limited 
 
Petra Diamonds is a leading independent diamond mining group and a consistent 
supplier of gem quality rough diamonds to the international market. The Company 
has a diversified portfolio incorporating interests in three underground 
producing mines in South Africa (Finsch, Cullinan and Koffiefontein) and one 
open pit mine in Tanzania (Williamson). 
 
Petra's strategy is to focus on value rather than volume production by 
optimising recoveries from its high-quality asset base in order to maximise 
their efficiency and profitability. The Group has a significant resource base 
of ca. 243 million carats, which supports the potential for long-life 
operations. 
 
Petra strives to conduct all operations according to the highest ethical 
standards and will only operate in countries which are members of the Kimberley 
Process. The Company aims to generate tangible value for each of its 
stakeholders, thereby contributing to the socio-economic development of its 
host countries and supporting long-term sustainable operations to the benefit 
of its employees, partners and communities. 
 
Petra is quoted with a premium listing on the Main Market of the London Stock 
Exchange under the ticker 'PDL'. The Company's US$337 million loan notes due in 
2026 will be listed on the Global Exchange market of the Irish Stock Exchange. 
For more information, visit www.petradiamonds.com . 
 
About the Cullinan Mine 
 
Located at the foothills of the Magaliesberg mountain range, 37 kilometres 
north-east of Pretoria in South Africa, the Cullinan Mine is one of the world's 
most celebrated diamond mines. 
 
It earned its place in history with the discovery of the Cullinan diamond in 
1905, the largest rough gem diamond ever found at 3,106 carats. This iconic 
stone was cut into the two most important diamonds which form part of the Crown 
Jewels in the Tower of London - the First Star of Africa, which is mounted at 
the top of the Sovereign's Sceptre and which at 530 carats is the largest 
flawless cut diamond in the world, and the Second Star of Africa, a 317 carat 
polished diamond which forms the centrepiece of the Imperial State Crown. 
 
The Cullinan Mine is renowned as a source of large, high-quality gem diamonds, 
including Type II stones, as well as being the world's most important source of 
very rare blue diamonds. 
 
Many of the most famous diamonds in the world herald from the Cullinan Mine and 
it continues to produce world-class diamonds under Petra's stewardship. Notable 
diamonds historically produced from the Cullinan Mine include: 
 
  * the Premier Rose (353 carats rough); 
  * the Niarchos (426 carats rough); 
  * the De Beers Centenary (599 carats rough); 
  * the Golden Jubilee (755 carats rough); and 
  * the Taylor-Burton diamond (69 carats polished). 
 
More recently, remarkable diamonds recovered by Petra at the Cullinan Mine 
include: 
 
  * the Cullinan Heritage (507 carats rough white diamond), sold for US$35.3 
    million in 2010; 
  * the Blue Moon of Josephine (29 carats rough blue diamond), sold for US$25.6 
    million in 2014; 
  * the Cullinan Dream (122 carats rough blue diamond), sold for US$25.3 
    million in 2016; and 
  * the Legacy of the Cullinan Diamond Mine (424 carats rough white diamond), 
    sold for just under US$15 million in May 2019. 
  * a magnificent 20.08 carat Type IIb blue diamond sold for US$14.9 million 
    (US$741,000 per carat) in November 2019. 
  * The Letlapa Tala Collection of five blue diamonds, weighing 85.6 carats in 
    total, sold as a suite of stones for US$40.36 million in November 2020. 
  * An exceptional 299.3 carat Type IIa white gem quality diamond recovered at 
    the mine in January 2021 and sold for US$12.18 million in March 2021. 
  * An exceptional 39.34 carat Type IIb blue gem quality diamond recovered at 
    the mine in April 2021 and sold for US$40.2. million in July 2021; the 
    highest price Petra has received for a single stone. 
 
More information on the Cullinan Mine's unique heritage can be found at 
 
https://www.petradiamonds.com/about-us/our-heritage/. 
 
 
 
END

(END) Dow Jones Newswires

July 28, 2021 04:00 ET (08:00 GMT)

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