Petra s Revenue Falls, but Prices Return to pre-Covid Levels January 21, 21 by John Jeffay
(IDEX Online) - Petra reported an eight per cent slip in gross revenue for the six months to December 2020, down to $178m.
But it said like-for-like prices at its tender earlier this month - 382,000 carats of rough sold for $30.5m - were up by eight per cent, a
nd had returned to pre-COVID-19 levels.
pictured) from its Cullinan mine in South Africa.
The same mine also produced a 299-ct Type IIa white gem-quality diamond, which is expected to be sold next month.
Production across all Petra s deposits for the period - Cullinan, Finsch, Koffiefontein and Williamson - was down 16 per cent to 1.74m carats, mainly because the Williamson mine in Tanzania remained on care and maintenance.
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