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Gem, De Beers, and Petra all report weak diamond demand

Demand is muted, with no sign of seasonal rebound yet

William Clarke
Gem, De Beers, and Petra all report weak diamond demand

Gem Diamonds reported revenues of US$71.8 from rough diamond sales, down 19% year-on-year. "The downturn in the rough diamond market together with increased grid electricity interruptions which increased...

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