IN BRIEF: Petra Diamonds reports drop in fourth tender sales

Fri, 16th Feb 2024 10:40

Petra Diamonds Ltd - diamond mining group focused on southern Africa - Says sales in its fourth tender declined. Sales in the period, which runs until February, total USD47.8 million, fall 30% from USD67.9 million in tender three which concluded in December. Tender 4 sales weaken by roughly a third year-on-year from USD72.1 million, it adds. The average price per carat declines 22% to USD112 in the most recent tender from USD143 a year prior.

Current stock price: 41.30 pence, down 5.7%

12-month change: down 47%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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