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US Federal Reserve chair Jerome Powell said a reduction in the key interest rate could be on the table in September. What are the possible consequences of such a move for the diamond and jewelry industry? Rapaport Senior Analyst Joshua Freedman reports.
How Could an Interest-Rate Cut Impact Diamonds?
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Mountain Province Sells $5M in Rough at a Discount to Continue Operations
Move follows similar transaction in May for $999,000 worth of diamonds.
SSEF Warns Trade Emeralds Being Treated After Testing
Some gems are seeing fillers removed and then restored without disclosure on lab certificates.
Workers’ Union Condemns Petra over Finsch Mine Closure
Criticism comes after company places deposit under business rescue and states it will lay off workers.
