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Petra Diamonds reports 55 pct rise in third-quarter revenue
April 23, 2014 / 6:21 AM / in 3 years

Petra Diamonds reports 55 pct rise in third-quarter revenue

April 23 (Reuters) - Petra Diamonds reported a 55 percent jump in third-quarter revenue helped by the sale of a 29.6 carat blue diamond and strong rough diamond prices.

The diamond miner said third-quarter production rose 15 percent to 743,424 carats, driven by a 34 percent jump in production at its Finsch mine in South Africa.

Revenue for the quarter ended March 31 rose to $163.9 million.

Petra has five producing mines in South Africa and one in Tanzania. (Reporting by Karen Rebelo and Roshni Menon in Bangalore; Editing by Rodney Joyce)

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