Anglo American's diamond unit De Beers aims to launch the first industry-wide blockchain this year to track gems each time they change hands starting from the moment they are dug from the ground, its CEO said.
Gem Jewellery Export Promotion Council (GJEPC) has appointed Pramod Kumar Agarwal as the new chairman for the next 2 years from 2018 to 2020. Agarwal will take over from the outgoing chairman Praveenshankar Pandya.
Versace is in "no rush" to list on the stock market, its Chief Executive said on Saturday. The brand has been mulling a listing after private equity Blackstone bought a 20% stake in 2014 to fund its overseas expansion.
2017 was a good year for YNAP as the high-end e-tailer turned in a record sales performance. It saw net revenues rising 16.9% on a currency-neutral basis, or 11.8% as reported, to hit a massive €2.1 billion.