Petra announces the results of Tender 3 of FY 2023, at which 305,366 carats were sold for a total of US$42.3 million across Petra’s mining operations. “Petra’s third tender for FY 2023 saw a 2.2% increase in like-for-like prices on Tender 2 FY 2023, reversing the downward trend observed in the previous two tenders. Although it is still too early to speculate on whether rough diamond prices have bottomed out, we are very satisfied with the overall result, “said Richard Duffy, CEO of Petra.
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Petra Diamonds Ltd on Thursday said it increased its diamond sales in the second tender for the financial year, but the average price per carat fell. The diamond mining company with operations in South Africa and Tanzania said its diamond sales in its second tender that ended November was GBP61.3 million, trebling from USD21.5 million during its second tender in October 2021 of its financial year 2022 that ended June 30.