Petra Diamonds misses revenue expectations on weak demand
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(Reuters) - Petra Diamonds Ltd reported full-year revenue below analysts' estimates on Monday and said it expects next year's production to be slightly lower, as it struggles with a diamond market hit by weak demand and lack of easy credit.The South Africa-focussed company's shares were down 4.4% at 17.2 pence in morning trading.Petra, which has been trying to reduce debt while delivering free cash flow, said it is targeting $150 million (120 million pounds) to $200 million (160 million pounds)..