Oct 10 2008

About diamonds and oil

Published by at 2:31 pm under Companies,Top Stories

Petra Diamonds Limited, a Bermuda-registered company with diamond mines in Southern Africa, a listing on the AIM of the London Stock Exchange and a head office on Jersey, has put a 39 carat blue diamond, mined at its Cullinan mine in South Africa, up for sale in Johannesburg.

With about 38%, the Saudi Arabian-based private company Saad Group is a major shareholder of Petra Diamonds. The list of this group’s investments makes for interesting reading. On the long list, high-profile names like Blackstone and BNP Paribas jump from the screen. 

Interesting to see what the oil producers are doing with their money – and who they employ to manage their investments for them.

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