Diamond mining junior Petra Diamonds on Friday warned that the diamond mining industry faces difficult times in the year ahead.

De Beers Consolidated Mines, the South African arm of diamond giant De Beers, on Thursday said it had agreed to sell the Cullinan Diamond Mine as a going concern to the Petra…

London-listed Petra Diamonds aims to reopen South Africa’s Kimberley underground mine in six to 12 months and restore output to 120 000-carats per year, the firm’s chief…