Petra Diamonds workers down tools over salary concerns (opens original article in a new tab)

Petra Diamonds workers at Finsch mine halted operations over unpaid salary concerns, with potential job losses as the company navigates business rescue amid a struggling diamond market.

• National Union of Mineworkers (NUM) workers at Petra Diamonds' Finsch mine downed tools over concerns about unpaid June salaries
• Petra Diamonds placed Finsch mine under business rescue in May, with potential job losses of 689 at Finsch and 1,090 at Cullinan mine
• Global diamond industry faces pressure from high inventories, lower luxury demand, and lab-grown diamond competition
• NUM warns of a 'jobs bloodbath' if government does not intervene in business rescue process
• Petra CEO cites weak diamond market due to global macro factors and Middle East tensions