Petra reports a year-on-year decrease in revenue from diamond sales
Diamond producer Petra Diamonds has announced the results of Tender 3 of its 2023 financial year, at which 305 366 ct were sold for $42.3-million. The results of Tender 3 bring revenue for the current financial year to date from rough diamond sales to $206.4-million, with no exceptional diamond sales, compared with $264.7-million in sales recorded for the first three tenders of the previous financial year, which included a $77.9-million contribution from the sale of exceptional diamonds.