Business News
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.
Birks Sales Rise Pre-Pandemic
Birks Group’s sales increased sharply in the latest fiscal year as three of its major retail stores reopened following renovations.
John Lewis shutters eight stores as virus accelerates its move towards online
John Lewis said today that it will not reopen eight of its stores in the UK in a bid to secure its long-term future.
