Current Affairs
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Aug- 2016 -10 August
Petra recovers 138.57-carat white diamond
Petra Diamonds has announced the recovery of a 138.57-carat white diamond from its Cullinan mine in South Africa. The diamond is classified as Type IIa, D colour, meaning it has high clarity, and will be offered for sale as part of the companyโs upcoming sales process in Johannesburg next month.…
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9 August
Weston Beamor joins Somme poppy pins project
Weston Beamor has announced a new project that will see it cast poppy pins designed to commemorate the 100th anniversary of the Battle of the Somme in 1916. The casting, 3D printing and bespoke manufacturing company will cast the poppies for London-based company TMB Art Metal as a fundraising initiative…
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Jul- 2016 -15 July
Hatton Garden BID given green light
The businesses of Hatton Garden have voted overwhelmingly in favour of establishing a Business Improvement District (BID) to deliver improvements across the area. Some 79% of businesses voted yes at the ballot (83% by rateable value), endorsing the ยฃ2.5m investment plan set out earlier this year by the Hatton garden…
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11 July
National Living Wage has โnot led to job lossesโ
The introduction of the National Living Wage (NLW) has not resulted in mass job losses, according to a new study released today (11 July). The report, published by the Resolution Foundation, found employers have responded to the NLW by raising prices (36%) or reducing profits (29%) rather than cutting jobs,…
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Jun- 2016 -27 June
World Gold Council: gold price soars in wake of Brexit
The price of gold bullion has surged following the UKโs decision to leave the EU in last weekโs referendum, according to the World Gold Council (WGC). The council said the price of gold jumped to $1,315.50/oz (ยฃ988/oz) on 24 June, following the announcement of the referendum. Gold was up 4%…
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24 June
NAJ: The UKโs vote to leave the EU will โtake some time to settle inโ
Michael Rawlinson, CEO of the National Association of Jewellers (NAJ), has said the news of the UKโs vote to leave the EU is going to โtake some time to settle inโ. In a dramatic night in political history, the UK voted to leave the EU with the Leave campaign edging…
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21 June
VIDEO: CMA warns businesses over price restrictions
The Competition and Markets Authority (CMA) has written an open letter to alert businesses that if suppliers restrict retail prices it can break the law. The open letter follows two recent cases in which businesses were fined a combined total of ยฃ3m for engaging in resale price maintenance (RPM), which…
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21 June
Petra recovers 121.26-carat white diamond
Mining firm Petra Diamonds has announced the recovery of a 121.26-carat white diamond from its Cullinan mine in South Africa. The stone is a type II diamond of โexceptional colour and clarityโ and is an example of the large and high-quality diamonds the mine is known. The largest rough diamond…
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15 June
Brexit could trigger ‘gold bullion rush’
British online gold bullion and coin dealer, BullionByPost, is forecasting its busiest every trading day of voters decide on a Brexit, citing there could be a โgold bullion rushโ. Rob Halliday-Stein, who founded the Birmingham-based company in 2008, has predicted that a decision to leave the EU will prompt an…
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15 June
90% of fashion designers against Brexit, claims study
A survey from the British Fashion Council (BFC) has revealed that the majority of UK designer businesses would prefer Britain to remain in the EU. Some 290 designers responded to the survey, with 90% stating their preference to remain in the EU, 4.3% voting to leave, 2.4% were undecided and…
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