Move reflects market shift to higher-value diamonds.
Category: Financial
California-based company held livestreamed jewelry auctions.
Andrew Rickard, president of the Jewelers Board of Trade, stresses the importance of checking customers’ credentials.
The diamond industry’s most important sales agreement is almost done.
Limited exemption applies to natural polished under 0.25 carats.
Five defendants used businesses as front to transfer more than $600 million since 2019, says US Department of Justice.
Tech provider iTraceiT will use $273,000 to expand into India and the US, it said.
The diamond, which Kwiat cut and polished, carries valuation of $400,000.
Mapping technology will help evaluate rough that customers offer as collateral.
Latest measures restrict imports of certain jewelry-related materials.
Financial services already improving due to prospect of improved legislation and intervention by a European body, says AWDC.