The Conversation (0)
Firestone Diamonds Says Prices Hit by Uncertainty
Sep. 14, 2011 07:59AM PST
Gem InvestingReuters reported Firestone Diamonds (LON:FDI) said rough diamond prices have fallen about 15 to 20 percent since August.
Reuters reported Firestone Diamonds (LON:FDI) said rough diamond prices have fallen about 15 to 20 percent since August.
The market news is quoted as saying,
Diamond prices had risen about 40 percent in the first half boosted by demand fromChina and India.
The AIM-listed company said the fundamentals remain positive, with demand from China and India and shortfall in supply expected to continue to support prices, and that it expects stability to return to the market later this year.