Rough price gains to slow after H1, says Petra

Rough diamond price gains may slow in the second half of the year after surging in the first six months on rising demand from China and India, according to Johan Dippenaar, the chief executive officer of Petra Diamonds Ltd. , Bloomberg reported.

“We will probably see a six month period of consolidation while people take stock,” he said in a telephone interview today. “We’ve seen prices perform well and it’s on the back of real demand.”

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