Petra Diamonds warns of market pressures

Petra Diamonds said revenues had been propped up by its recently acquired Finsch mine in South Africa, which largely offset falling diamond prices.

Petra Diamonds said revenues had been propped up by its recently acquired Finsch mine in South Africa, which largely offset falling diamond prices.

The firm said it expected the diamond market to remain under pressure in the near future because of economic uncertainty, but added that the medium to long-term outlook for the rough diamond industry was robust due to forecasts of demand outstripping supply.

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