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...Alexander Lacik, chief executive of the mass-market jeweller, told the Financial Times that lab-grown diamonds were opening up the sector to new consumers as they were typically one-third the price of the...
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...CT Group told the Financial Times it was confident that the information it supplied in both cases was “genuine and accurate”....
...Anglo last week rejected a £31bn approach, BHP sent a team led by chief executive Mike Henry on a charm offensive to South Africa, where Anglo was founded in 1917 and still operates iron ore, platinum, diamond...
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...“We’re going to need to see those factors unwind but I’ll be honest, I think that’s going to take longer than a lot of people thought,” Cook told the Financial Times....
...The two groups have just a handful of clients in common, he added. As well as cutting costs, the deal will give the newly minted Panmure Liberum financial backing and liquidity from Atlas....
...The UK accounting watchdog has imposed multimillion-pound fines on PwC and EY for failures in their audits of London Capital & Finance, the defunct investment group at the centre of one of the biggest retail...
...The FTSE 100 group booked a $1.6bn impairment charge on its De Beers diamond division as well as a writedown of $800mn for its Barro Alto nickel mine in Brazil after the metal’s price tumbled from record...
...Spirit plunged by roughly half, underscoring its precarious standalone financial position....
...Atlas was sued by businessman Rajan Mahtani, the founder of Finance Bank Zambia, who alleges that the pan-Africa banking group co-founded by Diamond breached the terms of a deal to purchase it in 2015....
...Job moves UBS has hired Biliana Barboutova as the financial sponsors group head in Emea. She previously worked for Deutsche Bank....
...was forced to liquidate its Singapore unit Petro-Diamond in 2019 after a rogue trader lost more than $300mn through unauthorised transactions....
...Four proposals for the G7 diamond traceability system have been on the table from Belgium, France, India and the World Diamond Council, an industry group....
...Mantashe told The Financial Times that his own view of the Australian miner remained “negative”....
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...The price rises have sparked concern among insurance buyers and consumer groups....
...The EU is set to move ahead with a long-stalled ban on Russian diamonds next week after securing sufficient backing from the G7 group of developed nations, according to the bloc’s foreign policy chief....
...chief executive Bob Diamond’s investment group, Atlas Merchant Capital....
...BHP said, if successful, it would review Anglo’s other assets such as De Beers diamonds and manganese operations in South Africa....
...“Crystal is so full of light, it’s fun, it’s more democratic than diamonds, so I told myself the jewels I design must be bold, extravagant and joyful,” she tells the Financial Times....
...The EU today added Russia’s largest diamond-mining company and its CEO to its sanctions list, complementing the ban on imports of Russian diamonds that came into effect on January 1....
...“Save for LCF’s parent company, London Financial Group Limited, none of LCF’s borrowers were connected with or controlled by LCF.”...
...David Kellie, chief executive of the Natural Diamond Council, a lobby group, says that consumers see mined diamonds in a similar way to how Swiss watches came to be viewed when faced with the threat of Apple...
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