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Petra weathers lower diamond prices in latest tender

By:  
Senior Contributing Editor Online
 
DIAMONDS
Independent diamond miner Petra Diamonds’ sixth tender cycle for the 2024 financial year yielded $44-million from the sale of 371 000 ct.   CEO Richard Duffy says like-for-like prices were marginally down through this seasonally quiet period, being 2.6% lower than for Tender 5, with demand slightly muted owing to Indian holidays and the continued slow recovery in the Chinese market.  
 
 
 
 
 

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