Mining News

Signet Hits Diamond Trade With Refusal to Buy Russian Gems – by Thomas Biesheuvel and Jeannette Neumann (Bloomberg/Financial Post – February 17, 2022)

https://financialpost.com/ (Bloomberg) — Signet Jewelers Ltd., the owner of Kay Jewelers and Zales, sent shockwaves through the global diamond trade on Wednesday, telling suppliers it would no longer buy stones mined in Russia, the world’s biggest source of gems. The move by the largest diamond retailer in the industry’s most important market will create difficulties …

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