Petra Diamonds’ revenue increased to $366 million in FY24, despite lower average diamond prices and market challenges.
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Tag:
diamond market
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Petra Diamonds is cutting production targets and implementing cost-saving measures in response to a challenging diamond market. The company aims to navigate these tough times with strategic adjustments.
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Lucara Diamond reports a strong start to 2024 with a 12% increase in diamond production and a strategic sales deal, despite a challenging market.
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Exploration & DevelopmentFuture of MiningNews
Petra’s Exceptional Blue Cullinan Diamond Boosts Tender Prices
Petra Diamonds has experienced a surge in tender prices, propelled by the remarkable discovery of the Blue Cullinan diamond, signaling renewed optimism…
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De Beers invests $1 billion to shift Jwaneng mine in Botswana underground, securing its future in the global diamond industry.
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India, the world’s largest diamond cutting and polishing center, has announced a two-month ban on importing rough diamonds starting from October 15.…