Struggling diamond industry means 'very difficult time for northerners,' says N.W.T. industry minister
N.W.T.'s Industry Minister Caitlin Cleveland says it's vital for the territory to diversify its economy, amid uncertainty about the future of diamond mining. On Monday, the owners of the Gahcho Kué diamond mine announced the pause of an expansion plan at t...
#economy #diamondindustry #NWT https://www.cbc.ca/news/canada/north/struggling-diamond-industry-nwt-industry-minister-9.7083297?cmp=rssDe Beers to open 15 Forevermark brand retail stores in India
DE BEERS, a global leader in the diamond industry, on Wednesday announced it will foray into the retail segment with the opening of 15 Forevermark brand stores in India in the current year....This was originally posted on India Weekly. Read the detailed report here:
https://www.indiaweekly.biz/de-beers-to-open-15-forevermark-brand-retail-stores-in-india/
#Debeers #DiamondIndustry #RetailStores #India #Diamond #USA #UK
De Beers to Open 15 Forevermark Brand Retail Stores in India
DE BEERS, a global leader in the diamond industry, on Wednesday announced it will foray into the retail segment with the opening of 15 Forevermark brand stores in India in the current year. De Beers India Managing Director Amit Pratihari said the plan is to establish 100 retail stores by 2030 with a revenue target… <a class="more-link" href="https://www.indiaweekly.biz/de-beers-to-open-15-forevermark-brand-retail-stores-in-india/">Continue reading <span class="screen-reader-text">De Beers to open 15 Forevermark brand retail stores in India</span></a>
Lab-grown diamonds don't have metaphorical blood on them, which is good. Unfortunately, it turns out many of them are created in ways that are bad for the environment. (Not all, however! There *are* environmentally friendly ones available. So do your research if you want diamonds...)
https://fortune.com/2024/02/13/what-are-lab-grown-diamonds-sustainable-gen-z-millennials/ #diamonds #diamond #environment #sustainability #DiamondIndustry
Gen Z and millennials proudly wear ‘lab-grown’ diamonds, oblivious to the fact they’re made from burning coal in China and India
Most don't know they're made in China and India from electricity generated by burning coal.
"Around one-third of the world’s supply of diamonds are mined in the Siberian region of #Yakutia by Russian state-owned company Alrosa. The #DiamondIndustry overall contributes around $4.5 billion to the Russian economy annually, making it one of the largest sectors in #Russia to avoid the sweeping sanctions imposed by Western powers since the start of the full-scale invasion of #Ukraine in 2022."
Western sanctions on Russian diamonds set to disrupt a global industry
https://www.france24.com/en/economy/20230927-western-g7-sanctions-russian-diamonds-disrupt-global-industry-belgium-india
Western sanctions on Russian diamonds set to disrupt a global industry
G7 experts are set to arrive in India on a fact-finding mission this week ahead of the expected announcement of a new embargo on importing Russian diamonds. An EU ban has also been under discussion for months – but imposing new regulations on the global diamond market is no easy feat.
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