Petra Diamonds (GB:PDL) has released an update.
Petra Diamonds reports a marginal decline in like-for-like diamond prices and a slight increase in carats sold at their sixth tender of Fiscal Year 2024, realizing $44 million in sales. The company remains cautiously optimistic about market stabilization and anticipates an improvement in demand and pricing towards the end of the calendar year. Year-to-date revenues have seen a modest increase compared to the previous fiscal year, amid seasonal fluctuations and market challenges in India and China.
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