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Petra Achieves $72.1 million in Sales in Fourth tender Cycle for FY 2023

Petra announces the results of Tender 4 of FY 2023, at which 505,398 carats were sold for a total of US$72.1 million from Petraโ€™s South African operations. This cycle includes a US$7 million Exceptional Stone2 from the Cullinan Mine and US$4.3 million of Finsch diamonds sold during H1 FY 2023, both of which were reported in our Interim Results announcement during February 2023. No sales for Williamson were recorded in this cycle given the operations at the mine are still suspended.
South Africa Hong Kong South African Richard Duffy Hong Kong International Jewellery Show Exceptional Stone

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Petra Tender 5 FY2022 Yields US$ 86.1 million

Petra Diamonds announced the results of their Tender cycle 5 of fiscal year 2022. They sold 635,806 carats for a total of US$86.1 million. Prices decreased by 23.7% compared to Tender 4 (March 2022) but were up 3.2% on Tender 3 (December 2021). The tender included a 13.74 ct blue Exceptional Stone for the Cullinan mine. The stone was sold into a partnership with Stargems for US$ 5.7 million, with Petra retaining a 50% interest in the profits.
Richard Duffy Petra Diamonds Exceptional Stone Chief Executive

Petra Diamonds Delivers Strong Revenue Result in Q1 FY 2022

Petra Diamondsโ€™ Q1 FY 2022 figures (July-September 2021) show the revenue of the diamond mining company went up 48% to US$114.9 million compared to the same period last year (Q1 FY2021: US$77.7 million). This strong result was driven by proceeds from the Exceptional stones sale during this quarter totaling US$50.2 million. In addition, diamond prices on a like-for-like basis went up ca. 3% compared to Q4 FY 2021. Production during Q1 FY 2022 equaled 861,991 carats, increasing 8% compared to Q4...
Richard Duffy Chief Executive Petra Diamonds Exceptional Stone

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