Business News
Britain begins to grow but business isn’t booming yet
The United Kingdom is beginning to see steady growth in retail markets but has not hit the heights it would be aiming for just yet.
Coloured gems find favour in China market, says report
Chinese consumers are keen on purchasing coloured gemstones in the near future, reflecting strong business potential for the gemstone sector, according to a recent study by Gemfields.
Covid-19 Ravages De Beers Sales
De Beers’ sales and production nosedived in the second quarter as the coronavirus crushed diamond demand throughout the pipeline and forced shutdowns at several mines.
Israel’s Union Bank Sells Diamond Portfolio
Israeli finance company Peninsula has agreed to buy Union Bank’s diamond business, pledging to continue offering loans amid a shortage of credit in the domestic industry.
Face coverings in shops to become compulsory from July 24
Wearing a face covering whilst visiting shops in England is to become compulsory from July 24, the government is set to announce.
Pandora joins UNICEF and Marley family for One Love campaign
A longtime partner of UNICEF, Pandora has once again teamed up with the charity for the new One Love campaign in support of children worldwide who have been affected by COVID-19.
Lucapa Revenue Plummets in Second Quarter
Sales of rough from Lucapa Diamond Company’s Lulo mine in Angola plunged in the second quarter, as both the average price and carats sold fell sharply due to the coronavirus pandemic.
India Extends Deadline for Duty-Free Reimports
The Indian government has granted diamond companies extra time to ship polished goods back to the country after grading without incurring customs duty.
