19 Oct 2021
DiamondWorld Directory
Home |
Petra’s production up 64% in H1 of fiscal 2012
Expects full year production to touch 2 million carats
By: Diamond World News Service
Feb 3 2012 4:19PM
Reference: 6696  


At the close of six months ending December 31, 2011, Petra Diamonds noted a 13 percent increase (on y-o-y basis) in its revenues to $101.4 million. The group production increased 64 percent to 953,553 carats in the said period. The Finsch mine, which the company acquired towards the latter part of 2011, is said to have stimulated the increased production.

Although six months noted some weakening in rough diamond prices in July, the markets showed stability towards the end of the year, which the company is expecting will continue through 2012. Yet, it is also expecting some volatility in rough diamond prices, triggered by global economic conditions.

For the full fiscal period, Petra is targeting production to increase to 2 million carats, from 1.116 million carats in fiscal 2011.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Kosher 23460
Kosher 23460
Recent Issue
Kosher 23460
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 29998
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 6384
GJEPC Chairman Interview
Views: 26284
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 36056
Promo for IJ Awards 2012 at NDTV Profit
Views: 50029
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 63277
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 20280
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 47957
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 47080
Member of:
Supporter of: