Petra Diamonds, which has operations in South Africa and Tanzania, sold 362,000 carats of diamonds yielding $49 million at its fifth tender cycle.
Company chief executive Richard Duffy said the average price of $136 per carat received was 22% higher than the fourth tender, supported by the sale of a 14.76ct exceptional colour and clarity blue diamond for $8.2 million.
The fourth tender realised $48 million from 428,860 carats sold at an average price of $112 per carat.
“Like-for-like prices were relatively flat through this seasonally weaker period, being 0.8% lower than tender 4,” he said.
Petra said year to date total revenue from rough diamond sales for the fiscal year (FY) 2024 is $285 million compared to $316 million in the first five tenders of FY 2023, excluding Koffiefontein.
Year-on-year volume variances were affected by the deferral of certain FY 2023 sale parcels sold as part of the first tender of FY 2024, it said.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
