Nordstrom Inc. has set a date for the opening of its Manhattan flagship location as construction continues on the department-store chain’s biggest-ever bet. The retailer plans to throw open the doors of its seven-story, 320,000-square-foot store on West 57th Street on Oct. 24, a spokeswoman for Nordstrom confirmed. With Nordstrom and rival Neiman Marcus both […]

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The head of the Antwerp World Diamond Center (AWDC) has reiterated his support and commitment to the Kimberley Process (KP) as an effective tool in preventing conflict diamonds from infiltrating the legitimate supply chain. Speaking at the African Diamond Conference in Belgium, AWDC President Stephane Fischler, who’s also the acting president of the World Diamond […]

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An official investigation ordered by the Russian government into the causes of the recent accident at ALROSA’s Mir Diamond Mine has concluded that a “combination of hydrogeological, technical and organizational factors” was responsible, according to a statement released by ALROSA. Sudden flooding of the mine in August this year led to the deaths of eight […]

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Retailers across Australia have been anticipating the arrival of e commerce giant Amazon for several months. It now seems apparent that they will be launching as early as October, giving them time to exploit the pre-Christmas sales boom. That’s the view according to new statistics and analysis from investment bank Citi in a recent note […]

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Imports of gold and other precious metals will attract 3% IGST, payable by the importing bank /nominated agency, the Central Board of Excise & Customs (CBEC) has clarified in its latest set of FAQs related to the gems and jewellery industry. The amount paid can however be taken as input credit by the banks, it […]

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      Surat: Diamantaires in Surat may be facing liquidity crisis and defaults, but this has not affected export-import of Indian diamond industry. Gems and Jewellery Export Promotion Council (GJEPC) figures show that the export of polished diamonds from April-June 2016 increased by almost 13 per cent at Rs 37,466 crore compared to Rs […]

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