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"Harsh realities" hit rough diamond market

Diamond miner Petra will postpone its latest tender, in response to slowing demand for the gemstones and glutted mid-stream inventories.

"Harsh realities" hit rough diamond market "Harsh realities" hit rough diamond market "Harsh realities" hit rough diamond market "Harsh realities" hit rough diamond market "Harsh realities" hit rough diamond market

Petra hopes to make up the sales in the next tender, but analysts suggest that the demand problems may be longer term.