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RAPAPORT. De Beers recorded its first annual loss since the aftermath of the global financial crisis as rough sales and prices slumped during the Covid-19 pandemic.The miner’s underlying loss came to $102 million in 2020, compared with a profit of $45 million in 2019, parent company Anglo.
Jewelry was one of the best-performing categories at Macy’s during the fourth fiscal quarter, even as overall sales faltered at the department-store chain.Group revenue dropped 19% year on year to $6.78 billion in the three months ending January 30, while comparable-store sales at owned and.
RAPAPORT. Alrosa raised prices at its contract sale last week as the rough market continued to recover following the coronavirus-related slowdown.The increases for the February trading session were around 3% to 4% on average, with sharper rises in some categories, insiders told Rapaport.
RAPAPORT. The Gemological Institute of America (GIA) has recently received “a number of” lab-grown or treated stones carrying natural-diamond reports and fake inscriptions, the organization warned.Clients submitted the stones for updated reports or verification services, but the grading.