The European Union on Wednesday imposed sanctions on Russia s state-run diamond giant Alrosa and its CEO as part of a ban on imports of the precious stones over the Ukraine war. The 27-nation bloc added Alrosa, the world s largest diamond mining company, and its chief executive Pavel Marinychev to a blacklist subject to a visa ban and asset freeze in the EU. The EU said the company which accounts for 90 percent of Russia s diamond production "constitutes an important part of an economic sector that is providing substantial revenue to the government."
This ancient rock adorns King Tut's coffin and the Sistine Chapel. And at one time it was more precious than gold. What is it about this deep blue rock that has drawn us in for centuries?
SINGAPORE - An ongoing money laundering probe has not impacted the sales of luxury goods here, but retailers say some buyers are now conscious of attracting unwanted attention. Mr Nicholas Lim, director of Chuan Watch, said that while there has been a dip in the demand for luxury watches, this was on the back of poorer economic sentiment in 2022..