Petra Sells Two Diamonds for Total of $12.3 Million

Diamond Investing

Petra Diamonds Ltd. (LSE:PDL) announced the sale of two exceptional white stones of 126.4 and 91.5 carats for $US8.52 million and $3.78 million, respectively.

Petra Diamonds Ltd. (LSE:PDL) announced the sale of two exceptional white stones of 126.4 and 91.5 carats for $US8.52 million and $3.78 million, respectively.

As quoted in the press release:

In addition to these two stones, Petra reports that it recorded solid prices at the December tender.

Johan Dippenaar, CEO of Petra, commented:

These solid prices achieved for the two special Cullinan stones as well as for the balance of Petra’s recent tender are very encouraging and reaffirm Petra’s view that firmer market conditions will continue into H2 FY 2014.

Click here to read the full Petra Diamonds Ltd. (LSE:PDL) press release.

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