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Diamonds are getting cheaper

The price of just-mined diamonds is falling. But the outlook for the prices consumers pay is less clear.

This week, two British companies that mine for diamonds said prices for rough stones had fallen and will keep sliding.

One of them, Petra Diamonds, noted that prices of rough diamonds dropped by around 9% in the last half of 2014. The company cut its full-year price forecast for its South African diamonds from $152 per carat to $130.

13ABC

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