Petra Diamonds finds founder Pouroulis’ successor

TSX and NASDAQ-listed company said it unearthed two gems, one at 53.9 carats and the other at 84.65 carats, from Gahcho Kué in April.

Company called Pallinghurst Resources' bid “derisory”, adding it "clearly undervalues" the firm.

The rock, a 5.36-carat green gem quality octahedron rough diamond, was unearthed at the company's Krone-Endora project, located next to the world’s third largest diamond mine.

The a 3.48 carat round brilliant, mined, cut and polished in Namibia, that now bears a ‘2,000,000’ imprinting.

The project, called Misery Deep, will require an investment of $6 million in 2018, $69 million in 2019 and $19 million in 2020.

The workers’ contracts were terminated following a 2016 official order to halt all mining in Chiadzwa.

The owner had no idea if the ring had any intrinsic value at all.

The 92-carat diamond forms the centerpiece of a necklace of cultured pearls.

The pilot auction, scheduled for June 29, will include a wide range of polished stones manufactured directly from the company’s own rough diamonds.