It will start with rough diamonds that are larger than 1.25 carats and later expand to rough diamonds that are above 1 carat.
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All 74 lots of jewelry belonging to the late Democratic senator found buyers at Bonhams Los Angeles.
OFAC has issued two licenses addressing the issue, one for diamond-set jewelry and one for loose diamonds.
Ravi Bhansali has been elected vice president.
The European Union has delayed its deadline for implementing a “robust” traceability mechanism for rough diamonds by six months.
The group met with lawmakers to raise awareness about the financial, operational, and supply chain harms posed by an EU proposal.
From moringa to ecotourism in the Okavango Delta, the country and its leaders are exploring how Botswana can diversify its economy.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
She has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.
Sarine Technologies and Tracr will hold a free webinar Wednesday on what retailers need to know about the new rules.
U.S. Customs and Border Protection has released new guidance as the G7’s effort to restrict the circulation of Russian diamonds ramps up.
The European Union also has sanctioned the diamond mining company’s CEO, Pavel Marinychev.
The EU also provided details on the carat weight threshold, and how it will track rough diamonds.
It provides a timeline for the implementation of new restrictions, but no details.
The best quotes from the Oracle of Omaha and his right-hand man Charlie Munger from the 2018 Berkshire Hathaway shareholders meeting.
Association members met with lawmakers last month to discuss the record-level rates.
The two have signed “heads of terms” for the tentative 10-year sales agreement they reached in June.
The two companies initially partnered during the pandemic and had just signed a 10-year sales agreement in November 2022.
Shoppers also expressed concern about rising prices, higher interest rates, and political uncertainty.
Grib is the Belgium-based subsidiary of Russian company JSC AGD Diamonds, which also was sanctioned.
Pavel Marinychev was appointed as leader of the diamond mining company in May.
The International Gemological Institute shared its insider knowledge of the 7.50-carat lab-grown diamond.
The agreement sees more rough diamonds going to Botswana and the development of a fund to help the country further diversify its economy.
OFAC sanctioned four companies it claims are helping fund the Wagner Group, the organization that just attempted a coup in Russia.