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One of the three arrested was Serbian Dragan Mikic, an alleged ringleader of the syndicate who had broken out of jail in 2005 in a daring ladder escape. The same cars had been used to flee the scene with jewelry value £2.4 million ($AU4.5 million). Thankfully, those gadgets had been additionally recovered and two Serbian gang members arrested.

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Global demand has remained on the decrease side in the past few months. India’s gems & jewelry sellers can take reduction within the sturdy festive and wedding ceremony season coming forward. A month in the past, diamond costs had plunged by 35% due to extra provide amid weaker exports to the US which is going through recessionary pressures. IndusInd Bank has launched its ‘Indus Solitaire Program’, a group banking initiative designed for the diamond trade. The program will be offered through its flagship branches in Mumbai and Surat, offering exclusive benefits and options. The program contains 24×7 locker access, add-on household accounts, zero cross-currency markup fee on overseas trade, customized diamond business worker salary accounts amid other providers.

Purple number of the mineral quartz, often varieties massive, six-sided crystals. Fine velvety-colored gems come from African and South American mines. The garnet group of related mineral species presents gems of every hue, including fiery pink pyrope, vibrant orange spessartine, and rare intense-green varieties of grossular and andradite. During an extraordinary assembly carried out digitally on 30 December 2020, more than ninety nine per cent of Tiffany & Co. shareholders approve LVMH’s new provide of $US131.50 and the phrases of the revised merger agreement.

Titan Company share worth noticed a 52 week excessive of Rs 3,861.50 and 52 week low of Rs 2,269.60. “Textiles exports have a twin downside. Many international locations are dealing with international change problems post Jewelery News Ukraine conflict, as a result of which many locations have minimize down non-essential imports,” he informed reporters. The Boards of Directors of Blue Nile and Mudrick Capital Acquisition Corporation II have permitted the transaction.

Michel Germani, the owner of Germani Jewellery, was arrested on Monday afternoon after an investigation into a theft at considered one of his shops on January 19 this yr. The ponzi scheme, allegedly run by the Pranav Jewellers, got here beneath the ED’s scanner based on an FIR lodged by the Economic Offences Wing in Trichy towards the group and others involved in the alleged monetary wrongdoing. one hundred crore from the public under the guise of a gold investment scheme that promised high returns.