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Jan 08, 2018
Illinois-based Sears Holdings, the company which owns the Sears and Kmart retail chains, recently revealed plans to shut down 103 stores it controls. Several media reports in the US, based on the announcement made by Sears to its employees recently, said that about 64 Kmart and 39 Sears stores are expected to be shut down over March and April 2018.
Jan 08, 2018
Geoffroy van Raemdonck, a veteran of both the luxury fashion and retail business, most recently with Ralph Lauren, has been appointed as the new CEO of Neiman Marcus Group.
Jan 08, 2018
Lucapa Diamond Company Limited announced the recovery of yet more large diamonds from its Lulo Diamond Project in Angola.
Jan 05, 2018
The Gem & Jewellery Export Promotion Council (GJEPC) represented by its Chairman Shri Praveenshankar Pandya and Chief Executive Director (CED) Shri Sabyasachi Ray and joined by the Surat Diamond Association President Babubhai N. Gujarati, made a presentation to the Hon’ble Minister of Finance, Government of India (GoI), Shri Arun Jaitley on January 4, 2018.
Jan 05, 2018
Sarine Technologies Ltd. announced yesterday that its wholly-owned subsidiary Galatea Ltd has “further stepped up its enforcement initiatives against the fraudulent use of its Galaxy® inclusion mapping technology and systems”. The announcement said Galatea is proceeding against a manufacturer in Surat, India “for its deliberate under-reporting of rough stone weights and underpayment of amounts owed to Galatea for the scanning of said rough stones”.

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