Petra reports lower sales for Tenders 5 and 6
London-listed Petra Diamonds sold 613 682 ct of diamonds for $53-million during its combined Tender 5 and 6 sales cycle, taking year-to-date revenues to $239-million from the sale of 2.39-million carats. In response to fluctuations in diamond prices and demand, the company no longer follows regular tender cycles and may postpone portions of tenders or sell goods as run-of-mine.
London-listed Petra Diamonds sold 613 682 ct of diamonds for $53-million during its combined Tender 5 and 6 sales cycle, taking year-to-date revenues to $239-million from the sale of 2.39-million carats. In response to fluctuations in diamond prices and demand, the company no longer follows regular tender cycles and may postpone portions of tenders or sell goods as run-of-mine.
