Petra Diamonds Ltd postponed for August the most part of sales diamonds because of demand recession

Moscow. June 7. information agency "Interfaks" - Petra Diamonds Ltd, developing fields of diamonds in South Africa, decided to postpone the most part of sales within the sixth tenders because of demand recession in the market. The diamonds intended for sales in June, will be exposed now on auctions in August, company reported. The delay of sales in financial year which will end on June 30, will affect financial results both in the 2023rd, and in the 2024th financial year. "In the light of that we expect temporary recession in the market of diamond raw materials as a result of increase in stocks in midstream, we made the decision to postpone the big...