WATCH: Petra Diamonds revenue slips as China, Hong Kong demand wanes
File picture: Stefan Wermuth
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JOHANNESBURG – Petra Diamonds’ first-half revenue fell 6%, dented by lower prices as the diamond industry grappled with soft demand from China and Hong Kong, but the African miner said it would meet or exceed its annual production target.
The industry has been facing slowing demand due to anti-government protests in Hong Kong and the bruising trade dispute between China and the United States, while some analysts blame it on laboratory-grown diamonds.
Source: iol.co.za
