Petra Buys Pounds 70m Diamond Mine

A GROUP led by Petra Diamonds (up 6p to 14812p) agreed to buy the Cullinan Mine, source of some of the world’s most spectacular diamonds, from De Beers for about Pounds 70m.

The group also includes Saudi investor Al Rajhi Holdings and black empowerment group Thembinkosi.

It promises to continue investments in the mine, which is now over 100 years old. It has already bought two older South African mines from De Beers.

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