Petra Foresees Strong Diamond Prices in 2011

Israeli Diamond Portal.com reports that Petra Diamonds (PINK:PDMDF) is forecasting continued strength in diamond prices through 2011.

The editorial is quoted as saying:

CEO John Dippenaar, speaking at the diamond company’s annual general meeting on Monday, said that within three years, “significant [diamond] supply deficits are expected to emerge,”  with the largest diamond mines in the world already past their peak and demand for diamonds rising in new markets in China and India.

To access the full editorial, click here.