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BMO sees revenue upside for Petra

Petra Diamonds has sold two high value diamonds recovered from its Cullinan mine in South Afica for a combined US$13.5 million, sales which points to potential revenue upside for the 2022 financial year, according to analysts from BMO.

Tom Hoskyns
The Cullinan mine in South Africa

The Cullinan mine in South Africa

Both diamonds were sold to Stargems. One was a 342.92ct type IIa white diamond, which sold for US$10 million, while the other was 18.30ct type IIb blue diamond, which sold for $3.5 million. BMO said...

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