Petra Diamonds Reports $53mln in Diamond Sales, Plans Quarterly Reporting and Ad Hoc Tendering Approach.

Petra Diamonds reported $53mln in diamond sales, comprising 613,682 carats at an average price per carat of $86. This brings the firm's year-to-date sales to $239mln, 2.39mln carats. The Cullinan Mine experienced product mix issues, while the Finsch mine saw improved pricing due to better ore access. The company will now report diamond sales quarterly and plans to align sales volumes with demand.