Diamond News Archives

Investors are also waiting for Federal Reserve Chairman Jerome Powell's speech at the Federal Reserve's annual economic symposium in Jackson Hole, Wyoming on Friday, hoping to get a hint on the plan for interest rates.

(IDEX Online) - The case against customs officials in India accused of over-valuing imported diamonds worth more than $19m has been suspended.

Bombay High Court has set aside the show cause notices, which are issued when a government official is held prima facie responsible for misconduct.

Pradeep Jhaveri, a customs valuer in Mumbai, was accused of misappropriating bills of entries relating to diamonds he allegedly appraised, according to an India Today report.

He and others, including government-approved valuers, were accused of over-valuing low-grade diamonds.

The Bombay High Court suspended the show-cause notices after the Supreme Court ruled that officers from the DRI (Directorate of Revenue Intelligence) went beyond their powers in issuing them....

Ford Motor confirmed Monday it is laying off roughly 3,000 white-collar and contract employees, marking the latest in its efforts to slash costs as it makes a longer-range transition to electric vehicles. Ford sent an internal email Monday to employees, saying it would begin notifying affected salaried and agency workers this week of the cuts.

(IDEX Online) - An elderly woman was reunited with her treasured engagement ring, thanks to the kindness of a metal detecting enthusiast.

Elsie Brown, 85, had given up hope of finding the ring from her late husband a week after it slipped form her finger while she was gardening at her home in Middlesbrough, England.

Lee Smith, 41, was visiting his partner across the road when he heard of his plight.

He searched her garden and found the ring at the bottom of her garden waste bin.

""She was absolutely over the moon to have it back, she was telling me she'd had it on her finger for 60 years," he told ITV News.

She lost her husband quite a while back now as well so it just felt even better to reunite her with it."

A video of Mrs Brown being presented with the ring has had over 300,000 views on TikTok.

Pic courtesy TikTok....