Petra achieves 1.1Mct output in Q1

LSE-listed Petra Diamonds has reported a strong start to the 2017 financial year, achieving a double-digit surge in diamond output and higher revenue for the three months to September 30. Petra on Monday reported a 30% jump in diamond production during the first quarter of the year to nearly 1.1-million carats, compared with the 842 796 ct delivered in the first quarter of the prior financial year.