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...The Madagascan president’s chief of staff has been charged in the UK with a bribery offence over an approach that the National Crime Agency said had been made to a gemstone mining company....
...The EU has argued that a traceability system is required to verify the origin of a diamond and make sanctions on Russian stones effective....
...Dev Shetty, chief executive of Fura Gems, a private Dubai-based gemstone mining group, estimates the coloured gemstone market will hit $5bn by 2030, up from $2bn in 2012....
...of the gemstones....
...David Nassi, a New York-based lapidary whose company, 100% Natural, wholesales fine natural-coloured gemstones, holds both the GG Graduate Gemologist diploma from GIA and the Gem-A gemmology diploma, which...
...The company also cut the dividend to $0.96 per share for a total of $1.2bn for 2023 — a 52 per cent fall on the year....
...The collapse of a large lab-grown diamond manufacturer will come as a relief to the mining companies....
...On a long-term view, some of the FTSE 100’s less glamorous members, companies such as Compass, Intertek, Relx, Experian and Diploma as well as Bunzl and Howdens, have performed far better than the household...
...market for the gemstones....
...Cook believes the company can sell its message better and has brought back the iconic “A Diamond is Forever” advertising campaign for the holiday season....
...Both lines use gemstones from the likes of Gemfields (which can attest they have been responsibly sourced) and Henig, a member of the Responsible Jewellery Council....
...The company made $1.9bn of revenue in the first half of 2022....
...When I started my own company (in 1960), without thinking about it, I chose a green background for the promotions of my jewellery. I’m sure it was planted deep in my subconscious from that time.”...
...M&S’s contract with HSBC, which owns M&S Bank, is up for renewal. M&S is likely to push for more control and a bigger cut of the spoils....
...Subdued consumer demand, rising wages and high interest rates, which hurt more indebted companies, had all contributed to the increase in the number of companies struggling to repay their debt, S&P said....
...About nine in 10 S&P 500 stocks were trading lower as traders assessed US inflation data that was higher than expected for March....
...Early last year, Chopard presented the “Insofu”, a rough emerald gemstone discovered in a mine in Zambia....
...The company has already been subject to similar sanctions in the US since April 2022. The US also implemented a unilateral ban on Russian diamonds in March 2022....
...Last month, Fuli Gemstones, the company behind the mine’s revival, unveiled the brand’s special custom cut at the Jewellery & Gem World trade event in Hong Kong as an example of how the company is ramping...
...Half a dozen of the index’s biggest companies by market capitalisation closed at record highs....
...Shares in property groups Mitsubishi Estate and Sumitomo Realty are up 40 per cent....
...The report comes as a growing number of luxury watch companies introduce sustainability policies in a bid to increase the desirability of their products....
...But for F1, the Red Bull drama is a major, unwanted distraction. The head of F1’s governing body told the FT last week it was “damaging the sport”....
...Vandevelde, 73, is presently a director at the company and will replace chief executive Fabien Simon at the start of April on an interim basis and lead a search for a new CEO....
...Year-to-date things are looking only slightly better, with US equity long/short hedge funds trailing the S&P 500’s continued surge by about one percentage point. That’s all fine....
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