Petra Foresees Strong Diamond Prices in 2011
Investing News Network - January 11th, 2011
Israeli Diamond Portal.com reports that Petra Diamonds (PINK:PDMDF) is forecasting continued strength in diamond prices through 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.