Petra sees diamond prices holding steady to end 2024, with some improvement in 2025

Diamond mining company Petra believes that diamond prices will stabilise through to the end of this year with some improvement expected in 2025. The average diamond price realised by Petra  in financial year (FY 2024) – the 12 months to June30 – was $116/ct, down 17% from $139/ct in FY 2023, owing mainly to a 12.4% decline in like-for-like prices, with the balance attributed to product mix movements.