India’s Gem and Jewellery Export Promotion Council and global diamond commerce bodies have raised considerations in regards to the G7 bloc’s demand to route rough and polished diamonds by way of Antwerp for certification as non-Russian. The ban, part of sanctions imposed on Russia because the Ukraine warfare, will prolong to diamonds weighing 0.5 carats and above from September 1. Pandora, the world’s largest jewellery firm by items bought, has began to source only 100-percent-recycled silver and gold, a transfer away from utilizing newly mined materials that was several years within the making.

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• Even within the midst of a shaky financial local weather, many are optimistic about 2023, and with good purpose.
• The World Federation of Diamond Bourses announced today that the Moscow Diamond Bourse has suspended its membership within the organization.
• Josh Zarb, CEO of Australia’s latest shopping for group, Independent Jewellers Collective , famous related tendencies across members’ stores.

In a submitting to the US Securities and Exchange Commission , Tiffany & Co. offered updates on the regulatory approval status of the acquisition in several worldwide markets. An software was submitted to Australia’s Foreign Investment Review Board on 5 March and was initially expected to be approved by 6 April; however, FIRB had prolonged the original deadline for approval by six months. Bogliolo’s appointment comes seven months after former Bulgari CEO Francesco Trapani joined the Tiffany & Co. board. Trapani – a member of the Bulgari household – oversaw the sale of that business to LVMH in March 2011. With the two juggernauts headed for the courtroom, it appeared all hope was lost; but just six weeks later, with identical statements, LVMH and Tiffany & Co. introduced that they’d called off the lawsuit and reached a brand new deal. The deal was significantly candy for Tiffany’s shareholders; mere rumours of an LVMH acquisition triggered its share price to spike 32 per cent.

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In July this year GIA detected 10 synthetic CVD diamonds of sizes 0.30 to 0.35carat with color grades like F-H and having readability of VVS1 to VVS2 grade. GIA has appointed Matt Crimmin as vice president of Laboratory Operations. The Bharat Diamond Bourse in Mumbai, India, is pleased to announce that it is going to be holding the second edition of its Bharat Diamond Week from October 8-10. The BDB shall be building on the huge success of the first Bharat Diamond Week, held from April 23-25, which noticed more than 1,000 visitors from India and the world over who did business with 150 Indian exhibitors of polished items. Gem & Jewellery Export Promotion Council, the apex body of the trade in India has been representing G & J Sector Policy considerations and issues to the Govt.

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