Petra Diamonds delays Cullinan Mine tender amid US tariff uncertainty
The company, as part of its periodic tenders, had already sold diamonds from its Finsch mine, also in South Africa, and its Williamson mine in Tanzania before U.S. President Donald Trump unleashed a barrage of tariffs last week. South Africa is one of the biggest exporters of diamonds to the United States, along with India. Petra, already struggling with widening losses due to prolonged weakness in the diamond market, is in the midst of a restructuring plan.