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Petra generates $110m so far in fourth tender cycle

Petra Diamonds' Cullinan mine

Petra Diamonds' Cullinan mine

25th February 2022

By: Marleny Arnoldi

Online News Editor

     

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London-listed Petra Diamonds says it has successfully closed sales for about 80% of the volume of diamonds on offer during its fourth tender cycle for its 2022 financial year ending June 30.

About 589 100 ct have been sold for $110-million, at an average price of $188/ct.

No exceptional diamonds were sold as part of these sales.

The sale of the remaining 20% of volume for the fourth tender cycle is scheduled to close on March 7, which will be followed by the release of full sales results of the tender shortly after.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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