The European Union will likely ban the trade of Russian diamonds as part of its upcoming 12th sanctions package, France24 said on Nov. 28, citing internal documents seen by AFP.
Belgium, together with the European Union and Group of 7 (G7) countries, is "very close to finalizing" a system that will ban Russian diamonds from the market, Belgian Prime Minister Alexander de Croo announced on Oct. 11.
The escalating conflict between Israel and Palestine has led to an increase in gold prices, prompting Indian consumers to sell their gold holdings in order to take advantage of the spike. Industry executives predict that gold prices could rise further if the conflict deepens. Jewellers such as Senco Gold & Diamonds and Tanishq have reported a significant increase in their gold exchange business as consumers opt to exchange their old gold jewellery for new ornaments.
The escalating conflict between Israel and Palestine has led to an increase in gold prices, prompting Indian consumers to sell their gold holdings in order to take advantage of the spike. Industry executives predict that gold prices could rise further if the conflict deepens. Jewellers such as Senco Gold & Diamonds and Tanishq have reported a significant increase in their gold exchange business as consumers opt to exchange their old gold jewellery for new ornaments.
Surat: Considering the consisting decline in orders and piling inventories, five major organizations representing diamond trade in the country appeale.