Gloomy update from Gem Diamonds

FTSE 250 firm Gem Diamonds said it expected diamond prices to fall in the short term as the market continued to be volatile.

FTSE 250 firm Gem Diamonds said it expected diamond prices to fall in the short term as the market continued to be volatile.

In its first half update the company said May and June saw the first negative movements in its rough diamond market price indices, as prices dropped across the sector.

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