Petra Diamonds sales results for Q3 FY 2026 and the sale of 41.82 carat Type IIb blue diamond

Petra Diamonds Limited provides an update on its Q3 FY 2026 sales results and the sale of the 41.82 carat Type IIb blue diamond, announced on 13 January 2026. During Q3 FY 2026, Petra sold 781,797 carats which resulted in higher revenue at US$68 million, compared with US$49 million in Q2 FY 2026. The average Group price achieved in Q3 FY 2026 was US$87 per carat, 11% lower than the US$98 per carat achieved in Q2 FY 2026. This pricing was affected by a 15% reduction in like-for-like 1 prices across all product sizes, partly offset by an improved product mix that contributed to an increase of 4%. The smaller size categories have continued to see weaker prices, offset by improving demand in the coarser, higher-value diamonds.

Petra Diamonds also announced that, following a competitive tender process, an agreement has been entered into for the sale of the 41.82 carat Type IIb blue diamond of exceptional colour and clarity that was recovered at Cullinan Mine in December 2025. Under the terms of the agreement, the Company receives an initial consideration linked to the value of the rough diamond and retains a significant economic interest in the profit realised from the sale of the polished stone, which could take 12 months to materialise.