Petra Diamonds said its fourth tender cycle of FY 2024 demonstrated robust growth in the market, selling 428,860 carats for $47.8 million, marking a 4.0% increase in like-for-like prices compared to Tender 3 FY 2024, which concluded in December 2023. Excluding a remarkable 14.76-carat blue gemstone recovered from the Cullinan Mine, which will be sold […]

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Announcing its preliminary (unaudited) results for the year ended June 30, 2019 (FY 2019), Petra Diamonds Limited reported that its revenue of US$ 463.6 million, had decreased by 6% as compared to a revenue of US$ 495.3 million earned in FY 2018; adding that “diamond prices realised by Petra (were) down ca. 5% in line […]

The post Petra’s Revenue Decreases By 6% Y-o-Y to Reach US$463.6 Mn; Net Loss Widens appeared first on The Jewelry Magazine.