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Petra sees revenue soar as diamond market recovers

Petra Diamonds has reported a 38% jump in revenue for the financial year ended June 30, driven by stronger prices and higher than expected sales, particularly of “exceptional” stones.

Petra sees revenue soar as diamond market recovers Petra sees revenue soar as diamond market recovers Petra sees revenue soar as diamond market recovers Petra sees revenue soar as diamond market recovers Petra sees revenue soar as diamond market recovers

Petra Diamonds' Williamson mine in Tanzania

Revenue for the year amounted to US$406.9 million, 5% above consensus estimates of US$387 million.

Sales of exceptional stones contributed US$60.2 million over the 12-month period, compared to US$14.

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