Israel’s diamond shipments slumped in October as religious holidays compounded the negative impact of geopolitical and economic trends.Polished exports fell 24% year on year to $432.8 million for the month, after returns of unsold goods, the Economy and Industry Ministry reported Sunday. Export.
Growth at the retail division of Warren Buffett’s Berkshire Hathaway slowed in the third quarter as supply-chain issues led to an inventory shortage.The unit which includes jewelry chains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler saw sales increase 5% year on year to $4.8 billion,.
US holiday spending is set to top last year’s record figure, as consumers dip into their savings and rely on credit to provide gifts for loved ones, the National Retail Federation (NRF) has forecast.Retail sales in November and December will grow between 6% and 8% year on year, for a total of.
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This past summer, the Gemological Institute of America (GIA) shut its Antwerp laboratory and announced plans to open a new location in Dubai. The organization insisted that the two decisions were unconnected. However, to the observer, the move was a telling indication of the diamond.