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Petra's super diamond haul
Thursday 03 Nov 2016 Author: William Cain

Diamonds may be a girl’s best friend but they have not been particularly accommodating to shareholders over recent years.

Signs that might be about to change came from Petra Diamonds (PDL) last week as shares surged on news of a 1.1m carat diamond haul at the west Africa-focused miner in the last three months as well as solid industry pricing.

Other major producers include FTSE 100 outfit Anglo American (AAL), which has a majority stake in De Beers – its shares are up 395% since January this year.

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