Israeli billionaire Dan Gertler has been placed on the US Treasury's Office of Foreign Assets Control (OFAC) sanctioned individuals list due to his business ties with President Joseph Kabila of the Democratic Republic of Congo (DRC).
The National Retail Federation said that retail sales in November increased 0.9 percent over October on a seasonally adjusted basis and were up 6 percent year-over-year unadjusted, according to calculations.
Online and other non-store sales grew 10.5 percent year-over-year, reflecting the growth of online shopping. The numbers exclude automobiles, gasoline stations and restaurants.
2017 was a "stellar" year for Christie’s jewelry sales, the auction house said in a statement.
"Nine new world record prices were achieved at our sales worldwide driven by intense competition from collectors who bid at the highest levels for important diamonds, rare gems and jewels, and superb objects," said Rahul Kadakia, International Head of Jewelry, Christie’s.
The World Diamond Council (WDC), which represents the industry at the Kimberley Process (KP), has expressed its gratitude to those who took part in the KP's Plenary Session last week for "embracing the spirit of collaboration and open dialogue around KP reform".
The UN Office in the Russian Federation has ranked ALROSA in the top three firms for environmental responsibility among Russian mining and smelting companies.
De Beers and the Antwerp World Diamond Centre (AWDC) are holding talks about potential cooperationin De Beers’ recently announced blockchain platform.
De Beers sold rough diamonds with a provisional value of $450 million in the 10th sales cycle (Global Sightholder Sales and Auction Sales) of 2017.
The mining giant said that there had been a continuation of good demand heading towards the end of the year.
Bain & Company’s seventh annual Global Diamond Report says rough diamond players will likely raise their marketing spending by around 50 percent over previous years to promote diamonds.