A crucial change to GIA grading reports could restore confidence among the trade and consumers.
Sale likely to be finalized by the end of 2026, official says.
Consumer spending up 0.2% to $768.6 billion for June.
Company promotes Arien Gessner to chief revenue officer and Moss Makhoulian to senior vice president of supply chain and operations.
2025 marks second consecutive year the Russian miner has received the certification.
Revenue for division up 21%, with growth in all regions.
Owner Burgundy Diamond Mines will run out of money by July 17, according to legal filings.
Total value up 16% to $41.7 billion for the full year.
Vice president of Bharat Diamond Bourse will take over from Yoram Dvash.
Sales for full year up 11% to $2.44 billion.
Market Comment: July 16, 2026