Diamond Prices Flooring as Buying Season Approaches, Says Petra CEO

Finance and Trade
30/10/2015 09:56

After the longest quarterly drop in at least a decade, diamond prices are likely close to a bottom as the holiday buying season comes up, said Petra Diamonds' CEO Johan Dippenaar. “If this is not the floor in diamond pricing we are very close to it,” he told Bloomberg. “We are approaching the major selling period in our industry. While I’m not predicting a ravingly good year, it is a solid period. That should see the pipeline clear out.”