The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — Petra Diamonds Ltd. sank the most in almost two months in London after saying annual sales would be short of market expectations on a dearth of large gems at its main mine.
Petra dropped as much as 10 percent, the steepest intraday slide since April 16, and was at 153.9 pence by 8:14 a.m. in London.
It recovered a “lower incidence of high-quality stones and higher volumes of smaller diamonds” in South Africa, Petra said in a statement Friday. It expects annual sales of $430 million, compared with an average analyst estimate of $447.3 million. Petra retained its output target of 3.2 million carats.
By: Thomas Biesheuvel; editors: Will Kennedy, Tony Barrett and Ana Monteiro.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.