Petra to reach five-million-carat target earlier than expected

Following a year of strong growth and record production, Petra Diamonds now expects to reach its five-million-carat-a-year production target in the 2018 financial year – a year sooner than previously anticipated. Petra produced 3.7-million carats in the year ended June 30, a 16% increase on the 3.2-million carats produced in the 2015 financial year and above guidance of 3.6-million to 3.65-million carats.